U.S. Car Sales Sluggish, even even as discounts rise:
Major automakers have posted their sales results for this September, and although we had high hopes on the discounts offered by General Motors and Ford Motor. Co, nothing saved the market from crashing down. The total industry sales were at 1.44 million vehicles, which is down 0.5% for a seasonally adjusted annualized rate of 17.76 million from 18.05 million in September 2015.
The
top-seller in the United States-
GM, posted a 0.6%decline.
Ford reported an 8% drop, and
Fiat Chrysler Automobiles was down 1%. Shares of the three Detroit automakers rose, led by GM with a 0.8 percent gain. Sales of
Toyota Motor Corp. grew 1.5%,
Honda Motor Co. had a decline of 0.1%, and
Nissan Motor Co. showed a 5% rise.
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