Strong August Sales Spur GM to Boost 2015 U.S. Industry Outlook
Trucks, SUVs, Cheap Gas Power Auto Sales Surprise
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Detroit’s three carmakers all reported surprisingly robust August sales, powered by pickups and sport utility vehicles, suggesting U.S. consumers are undeterred by the marked decline in global stock markets.
Ford Motor Co. and Fiat Chrysler Automobiles NV reported unexpected sales increases, while General Motors Co. posted a small drop, after cutting back low-margin sales to rental fleets, and boosted its full-year outlook for the market by 300,000 vehicles. Declines for Nissan Motor Co. and Toyota Motor Corp. were narrower than analysts’ estimates.