As U.S. auto sales are forecasted to fall between 5 and 6 percent in July 2017, the reports released this morning by the traditional Detroit Three — General Motors, Ford Motor Company, Fiat Chrysler Automobiles — appear to be worse than average.
Due to decreased year-over-year volume at each of its four brands, including a harsh 30-percent decrease at Buick, General Motors plunged 15 percent to 226,107 sales. That loss equalled 41,151 fewer sales for America’s largest automobile seller. At Ford Motor Company, total sales fell 7 percent despite rising F-Series sales. Car volume tumbled 19 percent at Ford and Lincoln, and SUV/crossover sales were up only slightly. At FCA, meanwhile, a 10-percent overall decline was caused by decreased volume at Jeep, Chrysler, Dodge, and Fiat.
Fortunately, there remain reasons for optimism. (Read More…)
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