August Auto Sales Projected to Skyrocket

A peek into August sales shows that according to LMC Automotive and J.D. Power and Associates, auto sales could be up by 16% this month. If that turns out to be the number, it could help alleviate concerns of a slowdown during the second half of the year. A seasonal adjusted annual rate of 14.5 million industrywide sales would be the best of any month this year. Plan on seeing Honda and Toyota post some of the biggest sales gains, and keep your eyes on General Motors and Ford in the upcoming weeks. Check out the following video for more on the of August sales number prediction.

Ford has been performing incredibly well as a company over the past few years -- it's making good vehicles, is consistently profitable, recently reinstated its dividend, and has done a remarkable job paying down its debt. But Ford's stock price is down over 20% over the past year. Does this create an incredible buying opportunity, or are there hidden risks with the stock that investors need to know about? To answer that, one of our top equity analysts has compiled a premium research report with in-depth analysis on whether Ford is a buy right now, and why. Simply click here to get instant access to this premium report.

The article August Auto Sales Projected to Skyrocket originally appeared on Fool.com.

Andrew Tonner and The Motley Fool own shares of Ford. Brendan Byrnes owns shares of Ford and General Motors. Motley Fool newsletter services recommend Ford and General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.