Americans were in the mood to buy automobiles last month. Major automakers recorded strong monthly sales gains for August.
The industry is estimated to have sold about 1.2 million cars and trucks last month, putting U.S. vehicle sales at an annualized rate of 14.5 million vehicles, making August the third consecutive month with an annual sales pace over 14 million vehicles, the Detroit Free Press noted.
General Motors (NYSE:GM) saw its sales jump 10.1% over last year to 240,520 vehicles, rebounding from a weak July.
Ford (NYSE:F) reported U.S. sales of 197,249 vehicles last month, up 12.6% compared to 2011. Sales of the Ford Escape rose 37% over last year.
Fiat’s Chrysler said its sales increased 14% to 148,472 vehicles in August, its best monthly showing in August since 2007.
International automakers also enjoyed a strong month.
Volkswagen (PINK:VLKAY) posted monthly sales of 41,011 vehicles, a 62.5% increase over last year and its best August showing since 1973.
Toyota (NYSE:TM) announced August sales of 188,520 vehicles, up 45.6% from last year.
Nissan (PINK:NSANY) saw U.S. sales of 98,515 vehicles last month, up 7.6% over last year. Its Infiniti luxury brand posed a 23.6% rise in sales, compared to just 5.9% for Nissan-branded vehicles.