US July auto sales at about 12.7 mln annual rate

Newswire

DETROIT, Aug 1 (Reuters) - U.S. auto sales were running at a seasonally adjusted annual rate of about 12.7 million units in July, based on a calculation by Reuters from sales data released on Friday by automakers representing over 80 percent of the market. The seasonally adjusted annual rate, or SAAR, is a closely tracked indicator of auto industry demand. Sales results included the top six automakers in the U.S. market: General Motors Corp , Toyota Motor Corp , Ford Motor Co , Chrysler ...

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