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US auto sales turn frail in August

Yahoo! Finance -- DETROIT (AP) -- Auto sales, once a bright spot in the economic recovery, grew fainter last month.

The pain was widespread. Big car companies General Motors, Ford and Toyota all saw sales slip. Smaller automakers like Subaru suffered too, as did companies that appeal to the budget minded, such as Kia and Hyundai.

Buyers are nervous about the economy's health and stayed away from showrooms, a worrisome sign since August is typically a strong month. Total industry sales could fall below 1 million new vehicles once automakers finish reporting sales on Wednesday, making it the worst August in 27 years.

"There hasn't been enough horsepower behind the recovery to motivate consumers to regain their confidence and purchase vehicles at a higher rate," says Jeff Schuster, executive director of glo

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Submitted Sep 01, 2010 By: comprof

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gs7101 Champion Author San Antonio Posts:3,213 Points:245,805 Joined:Jun 2009	Message Posted: Sep 3, 2010 7:06:16 AM Ignore gs7101 Report Abuse No surprise here -- I'm in no hurry to buy another car.
alterman156 Champion Author New York Posts:5,100 Points:1,093,025 Joined:Dec 2008	Message Posted: Sep 3, 2010 2:11:30 AM Ignore alterman156 Report Abuse Now that cars last longer, there are more people who are keeping their cars longer.
alterman156 Champion Author New York Posts:5,100 Points:1,093,025 Joined:Dec 2008	Message Posted: Sep 3, 2010 1:48:36 AM Ignore alterman156 Report Abuse Now that cars last longer, there are more people in an inexperenced piano tech.
gs7101 Champion Author San Antonio Posts:3,213 Points:245,805 Joined:Jun 2009	Message Posted: Sep 2, 2010 7:19:09 AM Ignore gs7101 Report Abuse You can bet the same for the monty of September.
Amplion Champion Author Oregon Posts:4,249 Points:1,400,260 Joined:Sep 2005	Message Posted: Sep 2, 2010 3:42:47 AM Ignore Amplion Report Abuse WE ARE IN A DEPRESSION TIME TO VOTE OUT THOSE WHO LET IT HAPPEN: RON WYDEN, PETER DeFAZIO & THEIR DEMONCAT CRONIES. TEA PARTY TIME !!!!!!!!
Lugi1967 Champion Author Ohio Posts:2,600 Points:546,470 Joined:Jun 2010	Message Posted: Sep 1, 2010 5:30:55 PM Ignore Lugi1967 Report Abuse As auto sales goes so does the economy