General Motor, Toyota, and Ford U.S. Auto Sales Drop In August, Recorded The Weakest US Car Sales Since 1983

The auto industry posted its worst August U.S. sales figures was the worst sales since 1986, weighed down by the expiry of a popular government cash-back scheme designed to boost sales.

The auto sales plunge is partly a result of tough comparisons to the “Cash for Clunkers” program of last summer.

One exception to the dismal sales trend was Chrysler Group, which surpassed sales expectations with a rise of 7% to 99,611 compared to last August, the company said. It’s the automaker’s fifth consecutive month of year-over-year sales increases.

GM, the biggest U.S. automaker, reported a 24.9% decrease to 185,176 from 246,479 last August while Ford posted an expected decline and Chrysler Group managed a 7% rise.

GM’s sales comparisons were hurt by approximately 40,000 vehicles it sold a year ago at four brands it has since discontinued or sold – Pontiac, Saturn, Hummer and Saab.

Ford announced that it cut down its fourth quarter auto production target, to 570,000 vehicles from 574,000 a year ago. Ford reported a 11% fall to 157,503 from 176,323 a year earlier for its three main brands.

Toyota Motor has the worst sales record in August, experts believe that the company‘s sales plunged was a results of numerous recall. Its sales dropped 34% from last year, and 12% from July.

For August compared with July, Honda Motors sales fell 3%, Nisan sales fell 7%, and Kia fell 8%.

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