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General Motors: Sales off sharply from August 2009

By Anonymous

Note: Sales in August 2009 were boosted by "Cash-for-clunkers".

From MarketWatch: GM August U.S. sales down 24.9% to 185,176 units

General Motors Co. said Wednesday that U.S. sales in August slumped 24.9% to 185,176 vehicles from 246,479 in August 2009.

Note: in August 2009 U.S. light vehicle sales were 14.1 million (SAAR). This was related to "Cash-for-clunkers" - also General Motors emerged from bankruptcy on July 10, 2009.

I'll add reports from the other major auto companies as updates to this post.

Update1: From MarketWatch: Ford U.S. August sales slide 10.7% to 157,503

From MarketWatch: Chrysler U.S. August sales rise 7% to 99,611 units

NOTE: Once all the reports are released, I'll post a graph of the estimated total August light vehicle sales (SAAR: seasonally adjusted annual rate) - usually around 4 PM ET. Most estimates are for an increase to 11.6 million SAAR in August from the 11.5 million SAAR in July.

Full post as published by Calculated Risk on September 01, 2010 (boomark / email).