U.S. domestic sales of GM are down 6.4 percent, while sales of bitter rival Toyota are up 26.1 percent. Or more, depending on how you look at it.
Toyota Motor Sales reported monthly sales of 164,898 units in July 2012, up 36.6 percent on a daily selling rate (DSR) basis and 26.1 percent on an unadjusted raw volume basis. Complete Toyota July sales chart here.
GM blames the disappointing results on diving fleet sales. Sales to rental fleet customers declined 41 percent. Fleet sales had been up 36 percent in June, which caused observers to suspect that fleet sales had been artificially shifted to June to “make” a good last month of the quarter. Now comes the price for goosing the numbers. Sales to GM’s retail customers declined 3 percent.
|July Total Sales||Total Change vs. July 2011||July Retail Sales||Retail Change vs. July 2011||CYTD Sales||CYTD Change vs. 2011||CYTD Retail Sales||CYTD Retail Change vs. 2011|
Throughout the day, TTAC will keep an eye on July sales.