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. Related document: U.S. Light Vehicle Sales - July 2008 The Detroit Three ...
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