- A joint forecast from J.D. Power and Associates and LMC Automotive sees a selling pace of 16M units in August which would mark the first time since sales reached that level since 2007.
- The impact of the Labor Day weekend being rolled into August sale tallies will have an impact, although a strong sales trend is still expected to be confirmed even without the calendar effect.
- Close-out deals and strong replacement demand underpinned August auto sales, according to analysts.
- Related stocks: GM, F, TM, FIATY.PK, HMC, NSANY.OB, TSLA, VLKAY.PK, DDAIF.PK, HYMLF.PK, BAMXY.PK, KIMTF.PK, VOLVY.PK.
August U.S. auto sales forecast to be strong
Aug 29 2013, 07:57 ET