Big Three automakers report another disastrous month of sales
Aug 1, 2017, 19:27 IST
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Here's the scoreboard of year-on-year sales:
- GM: -15% (-8% expected)
- Ford: -7.4% (-5.5% expected)
- Fiat Chrysler: -10.5% (-6.1% expected)
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.