Auto sales slump continues in August

The auto industry slump continues, with overall sales declining 20% y-o-y in August and only 14,102 vehicles sold, Al Borsa reports citing a report by the Automotive Marketing Information Council. Passenger car sales fell 20% for the month, while bus sales dropped 25.9%. Truck sales slipped 14.8% in August. Sales from January through to August fell 39% y-o-y, according to the report. Over that eight month period, Chevrolet held the top sport for passenger car sales with a 23% market share, followed by Nissan (17%) and Hyundai (13.5%), says the newspaper.