August Sales Lower at GM, Ford, Toyota

September 3, 2008
car sales

car sales

August could turn out to be another dismal sales month for the domestic automakers. The results so far:

TOYOTA/LEXUS: Toyota Motor Sales (TMS), U.S.A., Inc., today reported August sales of 211,533 vehicles, a decrease of 9.4 percent from last August, on a daily selling rate basis. The Toyota Division posted August sales of 182,252 units, a decrease of 9.4 percent from last August. The Lexus Division reported August sales of 29,281 units, a decrease of 9.1 percent from the year-ago month.

GM: August total sales were down 20 percent. GM is extending its employee discount sale through September 30, 2008 and a number of 2009 models are being added due to dwindling 2008 inventories.

FORD: Ford, Lincoln and Mercury vehicle sales totaled 151,021, down 26 percent. The decline primarily reflects lower demand for SUVs (down 53 percent) and trucks (down 39 percent) and lower sales to fleet customers (down 31 percent). Ford Focus sales were up 23 percent and Escape sales were up 17 percent versus a year ago.

CHRYSLER: Chrysler LLC today reported total August 2008 U.S. sales of 110,235 units, down 34 percent from the same period last year.

HONDA: American Honda Motor Co., Inc., posted August total vehicle sales of 146,855, a decline of 7.3 percent compared to record-setting August 2007 results. Year-to-date sales of 1,083,957 represent a 1.2 percent increase on a daily-selling-rate basis* compared to last year.

VOLKSWAGEN: Volkswagen of America, Inc. today announced August 2008 sales of 22,292 units, a 2.9 percent increase over the August 2007 sales of 21,655 vehicles. On a year-to-date basis, 2008 Volkswagen sales are 1.3 percent ahead of 2007 sales through August.

NISSAN: Nissan North America, Inc. (NNA) today reported August 2008 sales of 108,493 units versus 95,527 units a year ago, an increase of 13.6 percent. Sales of Nissan Division vehicles increased 14.2 percent, while sales of Infiniti Division vehicles increased by 8.0 percent.

HYUNDAI: Hyundai Motor America announced sales of 41,130 for the month of August, an 8.8 percent decrease from the all-time August sales record set in 2007.

MAZDA: Mazda North American Operations (MNAO) today reported August 2008 sales of 23,680 vehicles, a slight decrease over last August of 4.4 percent. Year-to-date, Mazda has sold 199,239 vehicles, down 2.0 percent.

MERCEDES-BENZ: Mercedes-Benz USA reported August sales of 18,507 new vehicles, bringing the year-to-date total to 158,519, a 0.5 percent increase over 2007 year-to-date sales.

BMW/MINI: Sales of BMW brand vehicles decreased 4.1 percent in August for a total of 25,462 compared to 26,562 reported in the same month a year ago. MINI USA reported August sales of 5,469 automobiles, up 34.1 percent from the 4,077 cars sold in August 2007.

AUDI: Audi of America announced today auto sales for the month of August totaling 6,406, a decrease of 16 percent from last year's figures.

MITSUBISHI: Mitsubishi's total August 2008 sales were down 29 percent, compared to August 2007 (13,020 sales), which was the largest August sales month in four years.

SUBARU: Subaru of America, Inc. today reported August sales of 18,932 total units -- a 14 percent increase over the same month in 2007 of 16,573 units.

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