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Detroit Three Post Record Lows, Fall to Market Share Tie With Japanese

John Sousanis, WardsAuto
Aug. 1, 2008 5:21pm

U.S. light-vehicle deliveries averaged only 43,531 units on each of 26 selling days last month, marking the worst July daily sales rate in 25 years.

The pace represented a nearly 20% reduction from like-2007 and an 11.8% falloff from June levels.

July’s industry LV sales total of 1,131,812 units equates to a seasonally adjusted annual rate of 12.5 million units, the lowest monthly SAAR since April 1992.

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