U.S. light-vehicle sales for July were the highest of any month in history.
reported record-breaking U.S. auto sales for July:
Ford Motor Co. and the Chrysler group joined General Motors in selling vehicles below dealer cost. Sales of Ford’s North American brands jumped 30.5 percent over last year….In the second month of the GM Employee Discount for Everyone, sales of GM’s North American brands climbed 14.7 percent. In June, the kickoff month, GM posted a gain of 46.7 percent….
GM’s cars were down 5.4 percent, and its trucks were up 27.6 percent; Ford Motor’s cars were up 22.0 percent, and its trucks were up 33.6 percent; the Chrysler group’s cars were up 5.8 percent, and its trucks were up 34.2 percent….
The other Big 3– Toyota Motor Sales U.S.A. Inc., American Honda Motor Co. Inc. and Nissan North America Inc.– also did well in July, with a combined sales upswing of 10.3 percent.
And in a :
For many dealers, the Big 3’s decision to extend employee-discount-for-all deals on 2005 models won’t mean much.
The reason? After the discounts set summer sales ablaze, there aren’t many 2005 vehicles left.
Chevrolet dealer Edgar McGraw normally has 120 vehicles from the outgoing model year on his Camden, Ala., lot in early August. This year he has fewer than 20, he says.
I guess Detroit can still sell plenty of cars as long as they don’t want to make a profit.
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