Auto sales in the United States of America jumped up by 5% for the month of July, which looks like an uneven recuperation that had left Toyota Motor Co. and Honda Motor Co. gasping to regain the strong losses, which it witnessed a year ago.
The two auto manufacturers in the U. S. are managed and run through the funds offered by the Government, where General Motors Co. and Chrysler reported advancement in sales of 5% each, respectively.
The best gains received were by Hyundai Motor Co., where its sales climbed up 19% and Nissan Motor Co. touched 15% hike in its sales scenario.
Investors were disappointed to see the performance of Ford Motor Co., since it was expected that an enormous gain would be seen. Taking in the Volvo brand, which has now been sold to China's Geely, Ford's sales hiked a mere 3%, which means that its shares slumped 1.9%.
A look at the sales data shows that the economy of the U. S. is not slipping back into its previous situation, but at the same time, questions have sprung regarding its strength to maintain the recuperative stance at its best.
Paul Ballew, Chief Economist at the U. S. insurer, Nationwide in Columbus, Ohio, said that this period is marked by soft recovery due to which sales sprint cannot be seen performing bravely.