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Consumer Confidence
August auto sales reach an 11-year high
August auto sales reach an 11-year high

Consumers streamed into auto dealers last month, pushing industry sales to their highest level for an August in 11 years. Chrysler, Ford, Toyota, Honda, Nissan and Hyundai all posted gains while General Motors and Volkswagen saw sales slip, according to monthly figures reported Wednesday. "It was a fabulous month for the industry," said John Krafcik, president of car shopping company TrueCar Inc. Automakers sold nearly 1.6 million vehicles in the U.S. in August, a 5.5% increase from the same period a year earlier, according to Autodata Corp. August sales surpassed last year's total. Auto sales are on track to exceed 16 million this year for the first time since 2007,...

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