Strong August US car sales so far

  • Fiat Chrysler earlier announced that sales rose 1.7% compared to -1.2% estimated
  • GM sales down 0.7% vs -2.6% expected
  • Ford August US light vehicle sales +5.6% vs -0.2% estimated
  • Honda US sales down 6.9% vs 7.0% est

Upbeat auto sales are a sign that the US economy was chugging along just fine