No one will be surprised when August U.S. LV sales come in below year-ago. Last August, the government’s “Cash-for-Clunkers” program was in full swing the entire month, lifting the seasonally adjusted annual rate to 14.1 million units, a height the industry had not seen since May 2008 and hasn’t been close to since. More disappointing is that August likely will fail to reach July levels, according to a Ward’s forecast. Ward’s is looking for daily sales to rise 2.8% from July to ...
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