T Mac
08-01-2007, 06:15 PM
Overseas car makers capture majority of U.S. sales for first time despite weak overall demand
Sales plunged worse than expected at U.S. automakers in July, allowing import brands to overtake their domestic rivals for the first time, even as weak demand for autos spread to Asian and European manufacturers.
Combined, the U.S. automakers - General Motors, Ford Motor and the Chrysler Group unit that is being sold by DaimlerChrysler - reported a 19 percent decline in sales in July versus a year earlier, compared to single-digit declines or even modest gains reported by most overseas automakers in the period.
Click here (http://http://money.cnn.com/2007/08/01/news/companies/auto_sales/index.htm?cnn=yes) to read the entire story from CNN Money
Sales plunged worse than expected at U.S. automakers in July, allowing import brands to overtake their domestic rivals for the first time, even as weak demand for autos spread to Asian and European manufacturers.
Combined, the U.S. automakers - General Motors, Ford Motor and the Chrysler Group unit that is being sold by DaimlerChrysler - reported a 19 percent decline in sales in July versus a year earlier, compared to single-digit declines or even modest gains reported by most overseas automakers in the period.
Click here (http://http://money.cnn.com/2007/08/01/news/companies/auto_sales/index.htm?cnn=yes) to read the entire story from CNN Money