The U.S. auto industry powered ahead in August to hit 17.81 million in total sales, marking the highest run rate since July 2005 according to Autodata, as consumers continued to show their penchant for pickup trucks and SUVs.
The six largest automakers in the U.S. market all beat the sales forecasts of industry analysts, with Toyota, Honda, Nissan and GM reporting declines that were not as severe as expected.
Consumers surprised industry analysts who had expected a decline in August sales. Results on Tuesday bested the forecast of 17.3 million vehicles in a Thomson Reuters poll of 47 economists.
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