July auto sales wrapup: While GM and Ford (F) saw a disappointing month after fleet sales fell...
Wednesday, August 1, 2012, 3:40 PM ETJuly auto sales wrapup: While GM and Ford (F) saw a disappointing month after fleet sales fell and money-back guarantees failed to perform, Japanese automakers such as Nissan (NSANY.OB), Honda (HMC), Toyota (TM) show outsized gains off of earthquake-influenced comparables. Chrysler (FIATY.PK) may have posted the sweetest month of the bunch, with a brisk 13% sales increase led by resonating new models. The overall trend for the sector is still positive despite the soft month, as industry-wide annual sales remain on a +14M track on the highest growth rate in 5 years.
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