U.S. auto sales continued to recover in August after the near shut-down of the industry during the COVID-19 lock-down of retail and industrial activity. Sales rose by 7.2% sequentially in August versus July, led by a 9.7% surge in domestic light trucks. Foreign made vehicles only saw an increase of 1.9%. Yet, the industry is a long way from pre-pandemic levels. Sales of foreign made vehicles were down by 19.5% year over year in August which was worse than the 7.2% dip seen in July due to weak light truck sales. Few automakers appear to expect a turnaround, with U.S. imports of cars and l...
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