U.S. June Car Sales
General Motors -18% y/y
Toyota -21% y/y
Ford -28% y/y
Chrysler -36% y/y
Honda +1.1%
GM wasn’t as bad as the other U.S. makers as it offered no interest loans for up to 72 months and cash rebates of up to $7,000. Toyota got stung with a 30% decline y/y in their luxury Lexus division. The weak consumer and higher gas prices are taking their toll indeed.
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