TrueCar.com predicts sales of new cars in the U.S. will rise 17% in August Y/Y, which translates...

|By:, SA News Editor

TrueCar.com predicts sales of new cars in the U.S. will rise 17% in August Y/Y, which translates into an annualized rate of 14.2M, up from 12.1M a year earlier and 14.1M in July. GM and Ford (F) will continue to lose market share as Japan's economy recovers, the report says, adding "Volkswagen is quietly becoming a serious player whose growth can’t be ignored.”