The slump in US auto sales extended into July with the so-called Big Three carmakers reporting declines that were worse than expected.
Here’s the scoreboard of year-on-year sales:
Auto sales have fallen every month this year following seven straight years of record-setting volumes, suggesting that the market has peaked for now.
Economists forecast a rebound in July sales from June to a 16.8 million seasonally adjusted annual rate, according to Bloomberg.
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