Auto Sales Remain Ugly Are Fantastic!

Auto sales for June:

• Ford Motor smaller-than-expected 11%;
• Chrysler Group 42% decline;
• General Motors slipped by 33.4%
• Toyota Motor reported a 32% drop;
• Honda Motor slid almost 30%;
• Nissan reported U.S. sales fell 23%;
• Hyundai reported an 18%;
• Volkswagen sales fell 18%;
• BMW June U.S. Sales Down 20.3%
• Mercedes-Benz sales fell 22.6%

Note that June had 25 selling days, one more than a year ago.

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