US auto sales have fallen to a 27-year low, according to a Wednesday report by AFP, with Toyota, Ford, and General Motors all experiencing a drop in sales for the month of August.
Toyota Motor Sales USA Inc. reported August sales of 148,388 units. In comparison to last August when Toyota sales were at their peak under Cash for Clunkers, sales were down 31.4 percent on a daily selling rate (DSR) basis. On a raw volume basis, unadjusted for 25 selling days in August 2010, compared to 26 selling days in August 2009, TMS sales were down 34 percent compared to the same period last year.
August sales for General Motors-owned Chevrolet, Buick, GMC and Cadillac decreased by a combined 11 percent to 184,921 units, compared to last August. Compared to July 2010, sales for GM's brands were down 7 percent.
Ford, Lincoln and Mercury dealers also reflect a year-on-year decline, having delivered 157,503 new vehicles in August, down 11 percent compared to the same period in 2009.