North America August 20% decline in automobile sales only 997574
In August, the North American vehicle sales fell to its lowest point since February of this year, only to decline 997574, up 21%, most automobile manufacturers suffered the biggest drop year-on-year. Since last year launched the trade-in allowance is making new car demand early release, there has been a significant cooling in the current market.
In August, the United States automobile market needs a new low of 27 years. United States Government in the last car trade-in program, for each old car swap more energy saving and environmental protection in the new car customers, providing each person 3500-4500 dollar subsidies, this allows United States automobile market sales in the month of August last year end up to 21 months of decline, an increase of 1 per cent growth occurs. But this makes new car demand early release, the current policy has abated. (Xinhua Yin Wei)