Global auto sales rose 1.5% in July to 6.87M units.
A strong month in China and India helped offset weakness in Japan, Brazil, and Russia.
YTD sales are up 2.6% Y/Y to 50.2M units through July, paced by strong demand in North America and Asia.
What to watch: South America continues to see its market share for global auto sales slide. The region could see automakers pull back further on capacity and investments due to the slump.