U.S. auto sales jumped 10.5% year over year in August after a slide of 0.2% in the prior three months. The recovery is likely associated with the timing of the Labor Day weekend. Sales of imported vehicles increased by 8.5% in August after a 5.0% slide in the prior three months and may soak up import growth which reached in July of 6.3.%. Overseas vehicle manufacturers face difficult choices in the coming months due to the ongoing section 232 review of the industry by the Trump administration, which is due to reach a conclusion in November. Imports from Europe – which may be most exposed...
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