DETROIT (Reuters) - Major automakers posted double-digit U.S. sales gains for August from year-earlier levels, a steady result for a month that began with a plunge on Wall Street and ended with a hurricane shutting down the East Coast.
General Motors Co
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Auto industry executives said the sales gains pointed to an encouraging stability in demand for big-ticket purchases in the face of renewed economic uncertainty.
GM estimated that industrywide U.S. auto sales would be about flat from July when adjusted for seasonal factors and tracked on an annualized basis.
(Reporting by Bernie Woodall and Kevin Krolicki, editing by Matthew Lewis)