Auto sales down in July, the worst month of the year

July sales: GM down 15%, FCA down 10%, Ford down 7.5%

Ford's fleet sales - the sales of vehicles to rental auto firms, corporations, government agencies, and utility companies - were down 26.4% in the second quarter of 2017.

Several major automakers, including GM, Ford, Fiat Chrysler Automobiles, Nissan Motor Co. and Hyundai Motor Co. said they sharply reduced rental auto sales in July, and they portrayed the decisions as putting profit ahead of sales volume.

After seven years of US auto sales growth, this year's persistent slump - and anxiety over upheavals from electrification, autonomy and mobility services - has investors shunning automakers as benchmark stock indexes graze record highs.

US sales of new cars and trucks fell 7 percent to 1.4 million in July, according to Autodata Corp. Sales of the Ford Fusion midsize sedan dropped 42 percent, while sales of the Chevrolet Spark subcompact fell a whopping 82 percent. Fiat Chrysler has killed several models it once sold to fleets.

Police Interceptor Utility sales rose by 7.3 percent last month, while Police Interceptor Sedan sales dropped by 23.4. The Explorer accounts for most of the production volume at the plant at Torrence Avenue and 126th Street, and sales have risen 6.4 percent to 137,224 through the first six months of the year.


Among the top Japanese companies, only Toyota Motor Corp reported a year-to-year gain, with sales up 4 percent.

GM gained little ground in its effort to reduce inventories of unsold vehicles. Hyundai, for example, cut its fleet sales by 77 percent in July.

Retail sales fell by only 1%, with Ford's share of the retail market actually increasing over the last three months inluding July.

The company, however, said Jeep sales came in at 9,842 units for July - the highest monthly total in Canada in 75 years.

But auto sales are plummeting, hurt by low gas prices and changing tastes.

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