Sales of the three American carmakers showed strong signs in
August, rising from the month prior and August 2010, The New York
Industrywide sales for last month were 7.5 percent higher than
those of August last year while the comparison from July 2011 saw
sales increase 1.2 percent, Autodata information states. Data about
sales increases comes following tumult caused by Hurricane Irene
and indications of a rough patch for the recovery from the Great
"Consumers are getting used to making these big-ticket item
purchase decisions in an everlasting, chaotic, uncertain economic
environment," industry trends and insight vice president Jesse
Toprak with research firm TrueCar.com told The New York Times.
"We're seeing more and more consumers becoming relatively
comfortable in pulling the trigger when they don't have all the
On Thursday morning, stock for General Motors (
) was down more than 4 percent to roughly $23 per share. Ford (
) stock was down nearly 2.5 percent with shares worth slightly less
than $11 apiece.
Japanese manufacturers continue suffering from low inventories as a
result of the March 11 earthquake and subsequent tsunami off the
coast of Northern Japan, which is likely to impact fourth quarter
The Detroit News.