US carmakers to see dramatic decline in July sales


By Poornima Gupta DETROIT, July 31 (Reuters) - U.S. automakers will likely post sharp declines in vehicle sales in July as they face incentive-boosted numbers from last year when a price war among Detroit's Big Three carmakers drove sales to record highs, analysts said. By sharp contrast, Asian carmakers are expected to see another good month as high gasoline prices prompted many consumers to buy more fuel-efficient vehicles, particularly cars and compact SUVs, an area where Toyota Motor ...

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