Don’t worry, American optimism is back. Why else would Nissan (NSANY) post a 13.6% rise in August US sales (108,493 total vehicles)?
Apparently sub-$4 gasoline encouraged American consumers to jump back on the gas-guzzler gravy train: Nissan credited easing gas prices as the principal reason they were able to sell more large trucks and SUVs (and therefore post the sales gain). In fact, NSANY saw a 32.6% jump in light truck sales.
The more things change ($3.75 gas is now cheap), the more things stay the same (Americans already forgot yesterday!).
General Motors (GM): Sales Are Great! Just Don’t Ask About Profits (GM)
General Motors (GM): Revamp Hummer? Screw That, We’re Dumping It (GM)
Nissan (NSANY) To General Motors (GM): Our Electric Car Will Make Money And Have No Emissions (NSANY, GM, TM)
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