Steel Markets
August U.S. Auto Sales Show Strong Gains for Asian Manufacturers
Written by Sandy Williams
September 5, 2019
August U.S. auto sales, minus the non-reporting Detroit Big 3, grew 12.2 percent from a year ago. Sales were strong for Asian manufacturers with most reporting double digit gains.
Honda led the sales increase in August posting an 18 percent gain year-over-year. Nissan was next at 13 percent, followed by Hyundai at 12 percent and Toyota at 12 percent.
Edmunds estimates total deliveries may have jumped seven percent last month, helped by the Labor Day holiday and lower financing.
“Consumers continue to shake off the political and trade turbulence because the economy remains on solid, if somewhat slowing, footing,” said Jeff Schuster, president of global vehicle forecasts at LMC Automotive. “This foundation, combined with higher fleet volume in the first half of the year, will keep the industry above 17 million units for a fifth year in a row.”
Sandy Williams
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