by Calculated Risk on 9/01/2010 11:18:00 AM
Wednesday, September 01, 2010
General Motors: Sales off sharply from August 2009
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.