4 of 5 biggest players post gains in July
Four of the five biggest automakers posted U.S. sales increases in July, matching or beating the industry’s 9 percent gain. A summary:
General Motors had a 9 percent increase, helped by rising sales to commercial customers and demand for the redesigned GMC Yukon and Chevrolet Tahoe. It was the latest sign that the recall crisis that has plagued GM since February is having little effect in the showroom.
Toyota Motor Sales U.S.A. Inc. rose 12 percent, pushing it past Ford Motor Co. to become the month’s No. 2 seller, with 215,802 sales. Lexus overtook BMW and Mercedes-Benz to become the No. 1 luxury brand in July.
Ford Motor’s sales rose 10 percent, to 211,467, for its best July performance in eight years. Average transaction prices fell $360 from a year earlier as several vehicles are set to be replaced by redesigned models.
Chrysler Group had its biggest increase of the year, up 20 percent. Jeep, with a lift from the new Cherokee, scored a 41 percent gain.
American Honda continued to lose share as it recorded a 4 percent decline. The Honda Division was off 2 percent, and Acura sales fell 18 percent.
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