PREVIEW-U.S. auto sales seen down sharply in July

Newswire

By David Bailey DETROIT, July 31 (Reuters) - Automakers are expected to report on Friday that U.S. auto sales fell for a ninth consecutive month in July, as the industry hits its worst showing in 15 years. It would be the longest losing streak for the industry since the domestic recession in 2001. Analysts see double-digit percentage declines for the industry overall amid the U.S. economic uncertainty and high gas prices, with the U.S.-based automakers General Motors Corp , Ford Motor ...

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