Month of August ‘Cheery’ for Automakers

Bloomberg News

While Chrysler leads the sales gain for August, Ford, GM  and Toyota sales rose more than analyst estimates for the month.

Get a handle on all major automaker results for August.

Chrysler deliveries last month increased 14 percent. Ford sales rose 13 percent and GM’s climbed 10 percent. The automakers topped 10 analysts’ average estimates of 9.9 percent for Chrysler, 8.5 percent for Ford and 3 percent for GM. Toyota Motor deliveries surged 46 percent to also beat estimates.

Honda Motor, using incentives to dealers to help clear 2012 Accord sedans from their lots, may lead automakers in the U.S. with a 59 percent increase in deliveries for August, the average estimate of seven analysts surveyed by Bloomberg.

 

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