CHICAGO, Sept. 4 (Xinhua) -- Three U.S. auto giants, namely General Motors Co. (GM), Ford Motor Co. and Chrysler Group all posted double-digit growth in sales in August, the Detroit News reported Wednesday.
Detroit-based GM embraced its best sales month since September 2008 by selling 275,847 vehicles in the U.S. in August, up 14.7 percent year on year. All four of GM brands posted double-digit growth: Buick brand sales rose 36.9 percent in August; Cadillac sales jumped 37.8 percent; Chevrolet sales added 10.4 percent and GMC sales inched up 14.2 percent.
Dearborn-based Ford's auto sales in U.S. rose 12.2 percent to 221,270 units in August. Truck sales soared 30 percent, car sales rose 15 percent and utility vehicles increased 16 percent.
Auburn Hills-based Chrysler reported the best August sales in six years by selling 165,552 units in the U.S., up 11.5 percent year on year. Six of the automaker's models set sales records in August.
As for other automakers, Toyota Motor Corp. sold 231,537 vehicles in the U.S. in August, up 22.8 percent year on year; U.S. sales for Nissan Motor Co. hit 120,498 vehicles, up 22.3 percent; Volkswagen of America Inc. August sales fell 1.6 percent to 40,342 units.
Total auto sales in the U.S. reached 1.5 million vehicles in August, up about 14 percent year on year; and consumer spending on new vehicles in the month may near a record 36 billion dollars.
Market analysts see signs of housing recovery and consumer confidence behind strong August sales. They believe that favorable lease deals to replace aging cars, continued strong demand for pickup trucks, as well as low interest rates are also contributing factors.
Given strong auto market demand, GM plans to launch more new products, including all-new heavy-duty pickups and large SUVs for Chevrolet and GMC; while Ford announced that it will build 785,000 vehicles in the fourth quarter this year, up 7 percent or a 50,000- unit increase year on year.