US automakers brace for slowdown in sales
China Daily | Updated: 2009-09-03 07:58
DETROIT: The nation's automakers are bracing for quieter showrooms and slower sales this autumn after the Cash for Clunkers program offered a big but unsustainable boost in August.
US sales of cars and light trucks rose to 1.3 million in August, a roughly 30 percent increase from July. It also was the first monthly year-over-year gain since October 2007.
Ford, Toyota, Hyundai and Honda were the big winners as consumers snapped up their fuel-efficient cars. Rivals Chrysler Group LLC and General Motors Co endured another month of falling sales, although their high-mileage vehicles did better.
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