This according to auto data and that smashed expectations. Ford sales up 23 . Fiat chrysler saw a 13 1 2 rise. And gm posted a 12 1 2 jump. Phil lebeau tells us why sales are so strong at the big three. Reporter call it a sizzling september in the showroom. U. S. Auto sales roared to their strongest Monthly Sales pace since july of 2005. Most of the major automakers posted doubledigit gains, with some like General Motors doing far better than expected. What drove those strong numbers . Labor day, which is traditionally one of the busiest weekends of the year for auto dealers, gave september sales an early pop. Meanwhile, trucks and suvs remain red hot thanks to low gas prices. And the combination of strong Consumer Confidence and low Interest Rates is convincing millions this is the time to buy a new vehicle. Even volkswagen, which has been rocked by the diesel emissions scandal, pulled out a slight gain in sales last month. Impressive, since massive negative publicity and an order not
That smashed expectations. Ford sales up 23 . Fiat chrysler saw a 13 1 2 rise. And gm posted a 12 1 2 jump. Phil lebeau tells us why sales are so strong at the big three. Reporter call it a sizzling september in the showroom. U. S. Auto sales roared to their strongest Monthly Sales pace since july of 2005. Most of the major automakers posted doubledigit gains, with some like General Motors doing far better than expected. What drove those strong numbers . Labor day, which is traditionally one of the busiest weekends of the year for auto dealers, gave september sales an early pop. Meanwhile, trucks and suvs remain red hot thanks to low gas prices. And the combination of strong Consumer Confidence and low Interest Rates is convincing millions this is the time to buy a new vehicle. Even volkswagen, which has been rocked by the diesel emissions scandal, pulled out a slight gain in sales last month. Impressive, since massive negative publicity and an order not to sell clean diesel models lef
Hard. The Dow Jones Industrial average and the nasdaq closed in correction territory, meaning the indexes are now more than 10 off their most recent highs. The reason once again was china. That country suspended trading after just 30 minutes. Its benchmark index falling 7 . More on that in just a moment. But first the closing numbers. The blue chip dow index plummeting 392 points to 16,514. In the last four days the dow has shed 910 points. The nasdaq falling 3 , off 146 points. And the s p 500 lost 47. And as for oil, which continues its slide, it hit a 12year low during todays trading session to close around 33 a barrel. Bob pisani has more on the selloff from the new york stock exchange. Reporter after another down open we pared some losses almost immediately after that as the chinese authorities suspend the Circuit Breakers they had implemented just four days before. Then oil rallied and we actually had a modest rally going in the middle of the day. Well, that all faded when a reut
Hard. The Dow Jones Industrial average and the nasdaq closed in correction territory, meaning the indexes are now more than 10 off their most recent highs. The reason once again was china. That country suspended trading after just 30 minutes. Its benchmark index falling 7 . More on that in just a moment. But first the closing numbers. The blue chip dow index plummeting 392 points to 16,514. In the last four days the dow has shed 910 points. The nasdaq falling 3 , off 146 points. And the s p 500 lost 47. And as for oil, which continues its slide, it hit a 12year low during todays trading session to close around 33 a barrel. Bob pisani has more on the selloff from the new york stock exchange. Reporter after another down open we pared some losses almost immediately after that as the chinese authorities suspend the Circuit Breakers they had implemented just four days before. Then oil rallied and we actually had a modest rally going in the middle of the day. Well, that all faded when a reut
Hard. The Dow Jones Industrial average and the nasdaq closed in correction territory, meaning the indexes are now more than 10 off their most recent highs. The reason once again was china. That country suspended trading after just 30 minutes. Its benchmark index falling 7 . More on that in just a moment. But first the closing numbers. The blue chip dow index plummeting 392 points to 16,514. In the last four days the dow has shed 910 points. The nasdaq falling 3 , off 146 points. And the s p 500 lost 47. And as for oil, which continues its slide, it hit a 12year low during todays trading session to close around 33 a barrel. Bob pisani has more on the selloff from the new york stock exchange. Reporter after another down open we pared some losses almost immediately after that as the chinese authorities suspend the Circuit Breakers they had implemented just four days before. Then oil rallied and we actually had a modest rally going in the middle of the day. Well, that all faded when a reut