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U.S. August auto sales to rise 12 pct -JD Power & LMC

Aug 22 (Reuters) – U.S. auto sales in August are on a pace to show a 12 percent rise from last year, market analysts J.D. Power & Associates and LMC Automotive said on Thursday.

Total new vehicle sales should be nearly 1.5 million in August, which translates to a seasonally adjusted annualized rate of 16 million, LMC said.

LMC said it is maintaining its full-year 2013 sales forecast of 15.6 million new vehicles sold, up from 14.5 million last year.

(Reporting by Bernie Woodall; Editing by Gerald E. McCormick)

Source: Reuters

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