The Automotive Monthly Metals Index (MMI) fell by 1.4% for August’s MMI reading. US auto sales Ford Motor Co. reported its August retail sales increased by 6.5% from the previous month. However, retail sales declined by 39.6% on a year-over-year basis. Total sales fell by 33.1% year over year. Ford truck and SUV sales fell by 35.
7% and 30.4%, respectively. The automaker also touted a record August for electric vehicle sales. “Electrified vehicle sales were up 67.3 percent over last year for a total of 8,756 vehicles,” Ford said.…Car Sales Slump As Chip Shortage Continues
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