August auto sales mixed
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Major automakers posted mixed U.S. sales for August on Tuesday, as executives cautioned the embattled industry was facing reverberations from a weaker housing market and the shakeout in subprime lending.
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The retailer's disappointing August comps create a buying opportunity.
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Retail sales posted a modest gain in August, helped by the biggest jump in auto sales in more than a year. But there are concerns that spending could falter as the steep slump in housing and financial market turbulence weigh on consumer confidence.
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U.S. new home sales jumped a  surprising 9.4 percent in August, the fastest acceleration of  sales in almost four years, as a fresh dip in mortgage interest  rates attracted buyers, a government report showed on Monday.
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Sales of GM and Ford cars in the US dropped during August as the industry was hit by a number of factors.
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DETROIT -- Toyota reported a 17 percent rise in its US sales in August, while GM sales increased 3.9 percent from a year ago as the companies said buyers looked to more fuel-efficient offerings. But Ford's sales dropped 11.6 percent and sales by Honda and DaimlerChrysler each fell 3.2 percent.
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WASHINGTON - Shoppers turned a bit tightfisted in August, dropping sales at the nation's retailers by 0.3 percent, providing fresh evidence of an erratic pace of consumer spending in recent months.    The decline in sales reported by the Commerce Department on Tuesday came after shoppers pushed sales up by a solid 0.8 percent in July as consumers' willingness to spend revived after a June lull...
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General Motors Corp. and Ford Motor Co.  posted weaker U.S. sales for August on Wednesday and both cut  planned fourth-quarter production as their aging vehicle  lineups lost ground to rival Chrysler and some foreign brands.
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Retail sales edged up in August but  they posted the biggest decline in almost a year when car sales  were stripped out as consumer spending softened, a government  report on Friday showed.
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U.S. retail sales posted a  larger-than-expected decline in August, a Commerce Department  report on Tuesday showed, but the drop was mostly confined to  the automotive sector.
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Retail sales edged up in August but they posted the biggest decline in almost a year when car sales were stripped out as consumer spending softened, a government report on Friday showed.
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Hurricane Charley's damaging path through Florida and the growing ineffectiveness of sales incentives caused U.S. car and trucks sales to slip in August, raising the likelihood of costly cuts in vehicle production, analysts said.
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Wal-Mart Stores (WMT) and other top retailers reported sluggish August sales Thursday, below Wall Street expectations, as soaring fuel prices cut into back-to-school spending.
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Shoppers are wary about High Street spending despite August's better weather, the latest sales figures show.
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Consumers continued to spend at a  stronger-than-expected pace in August as lower gasoline prices  helped spur spending in other areas, pushing up retail sales by  an unexpected 0.2 percent, a government report showed on  Thursday.
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Ford Motor Co  said on Tuesday that U.S. sales fell 14 percent in August, hit by a decline in showroom sales.
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U.S. automakers surrendered more market  share in August as sales incentives and gains by Asian  automakers kept overall sales steady, analysts said on  Thursday, a day before car makers release monthly U.S. sales  results.