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Published on Thursday, September 04, 2008
By LA Daily News Staff Writer
Ford Motor Co. said Wednesday that its U.S. sales fell 26.5 percent in August, as the struggling automaker's results - even worse than July's dismal figures - showed that the U.S. auto sales slump may not have bottomed out.
Toyota's sales dropped 9.4 percent from August 2007, a further indication that the woes in the U.S. auto market are continuing. Honda Motor Co.'s August sales dropped 7.3 percent, to 146,855 vehicles, as car sales fell 4.9 percent and demand for trucks tumbled 10.3 percent.
Nissan - the only major automaker to show a sales gain in July - reported another improvement, with a 13.6 percent increase in August sales.
Meanwhile, General Motors Corp. reported a 20.3 percent drop in sales from a year ago but a 31 percent improvement over its July totals, mainly thanks to offering all buyers employee pricing on many models.
Ford sold 155,172 light vehicles last month, down 3.6 percent from 160,990 in July, which was the industry's worst month for U.S
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