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August 1, 2007
Sales of import brands overtook their domestic rivals for the first time last month, even as weak demand for autos spread to Asian and European manufacturers, according to CNN.
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.
Posted by Peter C. T. Elsworth
at 4:39 PM to Sales
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