US auto sales growth edges down in July


(MENAFN) US auto sales growth slightly slowed in July, with gains from some manufacturers falling short of projections, The Peninsula Qatar reported.

Ford Motor Co reported a gain of 10 percent to 212,236 vehicles, slightly beating the analysts' average estimate of 9 percent.

General Motors Co said July sales were up 9 percent at 256,160, missing expectations of 11 percent.

Nissan Motor Co and Chrysler Group LLC also failed to sell as many cars and trucks in July as analysts had expected.

Chrysler sales rose 20 percent to 167,667 vehicles in July, its best since July 2005, while Ford also said its sales were its highest in July in eight years.


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