Quick Take: Revved-Up Auto Sales
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Auto manufacturers had a great month, with one glaring exception.
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Ford Motor posted weaker U.S. vehicle sales for August today and cut its fourth-quarter production. Chrysler posted a fifth straight month of stronger results.
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US auto sales declined 12 percent to 1.43 million vehicles in August, as near-record gasoline prices hurt demand. The six largest automakers all had sales drops for the first time in almost two years.
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US manufacturers cranked out more goods in recent weeks, while auto dealers moved more vehicles off their lots and trucking companies tried to find enough drivers to keep up with growing demand.
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A recovery in the economy later  this year will keep U.S. vehicle sales from plunging as deeply  as the most bearish forecasts suggest, according to an outlook  released on Sunday by the group representing U.S. auto dealers.
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U.S. new home sales jumped a surprising 9.4 percent in August, the fastest acceleration of sales in almost four years, as a fresh dip in mortgage interest rates attracted buyers, a government report showed on Monday.
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WASHINGTON -- Retail sales posted a modest gain in August, helped by the biggest jump in auto sales in more than a year. But there are concerns that spending could falter as the steep slump in housing and financial market turbulence weigh on consumer confidence.
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G.M.âs sales were up 2.1 percent. In contrast, sales fell 12 percent at Chrysler, 2.3 percent at both Toyota and Honda, 4 percent at Ford and 7.3 percent at Nissan.
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Ford said it was hurt by a decline in showroom sales. G.M., meanwhile, said its domestic sales rose more than 5 percent and Nissan posted a 6.3 percent increase in U.S. sales.
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A month-end sales blitz of incentives  by General Motors Corp. GM.N and Ford Motor Co. F.N to  clear out older vehicles will spur a slight rise in U.S. car  and truck sales for September, analysts said.
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Automakers are trying to increase sales to individuals as they reduce low-profit business with fleet customers like rental car companies.
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Auto-industry inventory numbers do not look terrible, but what if there is a storm coming?
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DETROIT -- Toyota reported a 17 percent rise in its US sales in August, while GM sales increased 3.9 percent from a year ago as the companies said buyers looked to more fuel-efficient offerings. But Ford's sales dropped 11.6 percent and sales by Honda and DaimlerChrysler each fell 3.2 percent.
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Treasury debt prices made modest gains on Thursday following a surprise jump in weekly jobless claims and retail sales that were slightly below expectations after auto sales were stripped out.
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The automaker predicts better profits in 2005.
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DETROIT - If record discounts on new cars and trucks aren&#39;t enough to lure buyers into dealer showrooms, maybe Old Glory will provide the extra nudge.
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US car sales recover, driven by demand for hybrid and smaller vehicles as consumers battle record fuel prices.