Used Cars News

It seems August is also in the same path of June and July in new car sales. The statistics shows the report on new car sales in August, which is supposed to be released on September 2nd will be worse than the previous months. Gas has gone back from its record height of $4.11 in June, but high gas prices have obviously left a bad impression on consumers' mind. Studies shows, August will see a 14.4 percent slop in new car sales. In July sales drop off by 13.2 percent, and is well under the overall market – which is down 10.5 percent through July. It seems Chrysler and GM are August's biggest losers. Chrysler's sales declined 34 percent and General Motors is just behind with a sales decline of 27.5 percent. GM can withstand with its early retirement offers to U.S employees. Honda and Nissan are expected to post slight gains. Unluckily for the whole auto industry, the U.S. market isn't anticipated to recover until late 2009. Complete August sales results will be released on September 2nd.Things will be more clear after that.

Labels: New car sales