August auto sales may be mirroring the many of the world’s economies these days: uncertain. Predictions about the final tally run from sales being down to sales being up. Much like investors wondering what to do in the tumultuous stock markets these days, the answer depends upon who you ask.
Kelly Blue Book expects sales to decline 4% year-over-year due to the exclusion of Labor Day weekend in this month’s sales results. If true, the slide could put Fiat Chrysler’s long string of monthly sales increases, which has extended for more than five years, at risk, according to KBB.
On the other hand, TrueCar, the car buying service, suggests sales could wind up rising by 4% and FCA U.S.’s impressive streak of increases is safe. (more…)