U.S. car sales fall 7.0% in July as passenger car, fleet sales drop
U.S. light vehicle sales of 1,415,139 units in July were down 7.0% compared to the same month in 2016 as passenger car sales sputtered and OEMs trimmed fleet sales.
Truck and SUV sales decreased 2.5% from last July to 890,119 units, while passenger car sales declined 13.8% to 525,020 units.
The overall SAAR for July was 16.73 million units.
The SAAR was 6.21 million units for passenger cars and 10.52 million units for trucks.
General Motors sales were down 15.5%, Ford sales were down 7.4%, and FCA sales were down 10.5% compared to July last year, with passenger car sales down 31.5%, 19.4%, and 17.7% respectively.
Among Japanese companies, Toyota was up 3.6% and Subaru was up 6.9%, while Nissan was down 3.2% and Honda was down 1.2% compared to last July.
Hyundai sales decreased 27.9%, with passenger car sales down 43.2%, while Kia sales decreased 5.9% from July last year.
Among German companies, BMW, Daimler, and Volkswagen Group sales decreased 13.6%, 10.7%, and 2.6% respectively from the same month last year.
Volvo sales decreased 18.8% and Jaguar Land Rover sales decreased 4.1% from last July.