— This is the script of CNBC's news report for China's CCTV on September 4, Thursday.
Welcome to the CNBC Business Daily, I'm Qian Chen.
Asia auto stocks...are generally higher after those strong US August sales numbers.
Nissan had the best performance, showing an 11.5 percent jump in sales.
CNBC's Phil Lebeau breaks down the summer sizzle in August.
Well it has taken 8 years but auto sales in the United States have now eclipsed a monthly sales pace of greater than 17 million vehicles. In fact the sales pace for the month of August was 17.53 million vehicles, much better than many people were expecting. That is the highest sales rate since January of 2006 when the sales pace for that month was 17.62 million. What drove stronger sales in the United States in August? A couple of factors: Strong consumer confidence, there's still heavy pent up demand, and low financing - about 13% of the vehicles according to Edmunds.com that were sold in July and in August, came with 0% financing, and as a result all of the major automakers reported better than expected sales led by Chrysler, up nearly 20 %. Nissan was up 11.5%, Toyota up 6.3%. Both of those much better than Wall Street analysts were expecting. Again, the sales pace for the month of August in the United States, 17.53 million vehicles, the strongest pace since January of 2006. That's the story from here in the U.S., back to you.
I'm Qian Chen, reporting from CNBC's Asian headquarters.
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