DETROIT (AP) -- Nearly every major automaker saw its U.S. sales drop in August, but many are seeing signs that the worst slump in recent history may have bottomed out.Most upbeat were executives from General Motors Corp., which posted a 20.3 percent sales decline from a year ago but a 31 percent improvement over July's dismal totals.
Much of the gain came from offering all buyers employee discounts on many models, but Mark LaNeve, GM's vice president of North American sales, said there's hope that June and July were the trough for U.S. sales.
"We are very encouraged by what we saw in August. It gives us reason to think that we are starting to pull our way out of this," he said Wednesday in a conference call with reporters and industry analysts.
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