U.S. car recovery slows down in August

According to foreign media reports, as consumers worry that the U.S. economy will experience a double bottom, in August, the auto industry as a barometer of the U.S. economy showed a mediocre performance, and the pace of American car recovery slowed.

Jesse Toprak, an analyst at American car website TrueCar.com, said when he talked about the recovery of the auto industry, “The American automobile industry's staggering recovery pace is like a classic car, and it's hard to start up. The speed is over 20 miles per hour.”

US auto consumption website Edmunds.com predicts that in August, Chrysler’s US sales will increase by 6.4% compared to July; Honda’s US sales will increase by 3.4%; GM will drop by 5.8%; Ford will drop by 3.2%, and Toyota will fall by 4.6. %; Nissan will fall 6.6%.

Analysts predict that the annual rate of car sales in the United States in August will reach 11.6 million vehicles, with a range of 10.9 million to 11.9 million vehicles. In July, the annual sales of American cars was 11.5 million.