US auto sales to rise in August on increased vehicle supply, strong demand

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U.S. new vehicle sales, including retail and non-retail transactions, are estimated to reach 1,354,600 units in August, a 15.4% jump from a year earlier, according to the joint report by J.D. Power and GlobalData. Retail inventories could see a 48.4% jump in August over the year earlier. New-vehicle transaction prices, however, would likely see a 1.2% decline from the year earlier, as sales of smaller vehicle segments increased, which inherently have lower transaction prices.