PREVIEW-Clunker trade-ins boost July U.S. auto sales

Newswire

* What: U.S. auto sales for July * When: Monday, starting about 12:00 EDT * Consensus view: Annualized sales rate over 10 mln units * Results likely to mark highest sales rate for 2009 By Soyoung Kim DETROIT, July 31 (Reuters) - The punishing four-year decline in U.S. auto sales may have finally slowed this week -- just in time for Michael Papa to hand over the keys to his 1996 Ford Explorer for a government-sponsored trade-in. Papa, a Detroit-area restaurant owner, and thousands ...

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