August Auto Numbers
The August numbers have come in from the automakers (source, 2, 3, 4, 5, 6, 7, 8):
- Ford down 10.7%
- GM down 10.6%
- Toyota down 34%
- Honda down 33%
- Nissan down 27%
- Hyundai down 11.4%
- Chrysler/Fiat up 6.8%
- Subaru down 22% (ignore the AP, nobody else agrees with their numbers, including the Subaru press release)
- Porsche up 33.2% (With kudos again to the Panamera)
- Kia down 19.2%
- Volkswagen down 7.9%
- Daimler up 15% (including Smart, only up 7.4%)
- Smart down 62.5%
- BMW up 1.6%
Overall, that was an SAAR of 11.47 million. That’s down 21% from a year ago, and down from 11.99 million in July (not a directly comparable figure). The bad news was largely expected because of the Cash 4 Clunkers anniversary, though certain automakers performed worse than expectations. In particular, domestic vehicle sales came in at 8.4 million with a Bloomberg consensus range of 8.6M to 9.0M.
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