August Auto Sales Projected to Skyrocket

A peek into August sales shows that according to LMC Automotive and J.D. Power and Associates, auto sales could be up by 16% this month. If that turns out to be the number, it could help alleviate concerns of a slowdown during the second half of the year. A seasonal adjusted annual rate of 14.5 million industrywide sales would be the best of any month this year. Plan on seeing Honda and Toyota post some of the biggest sales gains, and keep your eyes on General Motors and Ford in the upcoming weeks. Check out the following video for more on the of August sales number prediction.

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Andrew Tonner and The Motley Fool own shares of Ford. Brendan Byrnes owns shares of Ford and General Motors. Motley Fool newsletter services recommend Ford and General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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