U.S. Auto Sales May Stall in August as Confidence Slumped

U.S. auto sales failed to rebound in August as confidence sank and prospects dimmed for faster economic growth, prompting at least a dozen analysts to lower estimates for light-vehicle deliveries for this year and next.

August vehicle sales, to be released tomorrow, may have run at a 12.1 million seasonally adjusted annual rate, the average estimate of 14 analysts surveyed by Bloomberg. The pace averaged