US auto sales expected to drop in August - WNEM TV 5

US auto sales expected to drop in August

Posted: Updated:
Chrysler Chrysler
DETROIT (AP) -

Fiat Chrysler's U.S. sales rose 2 percent in August thanks to strong demand for Jeep SUVs.

Jeep brand sales were up 18 percent, making up for double-digit declines for the Chrysler and Dodge brands. Fiat Chrysler sold 201,672 vehicles overall.

Other automakers report sales later Tuesday.

Industry sales were expected to drop 3 percent from last August, according to car buying site TrueCar.com. It was the first year-over-year monthly sales decline since January 2014. But industry analysts say a quirk in the calendar -- not a lack of demand -- was to blame.

Labor Day is typically one of the biggest sales weekends of the year as dealers hold model year-end clearance sales. Last year, Labor Day weekend was counted as part of August sales. This year it's in September.

Copyright 2015 Associated Press. All rights reserved.

Powered by Frankly
WNEM
Powered by WorldNow CNN
All content © 2018, WNEM; Saginaw, MI. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.