ALERT: GM, Ford July sales fall on lower fleet shipments; Toyota, VW, Nissan, Chrysler advance by double-digits

BREAKING NEWS ALERT August 1, 2012

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2012 JULY AUTO SALES GM, Ford sales fall on lower fleet shipments; Toyota, VW, Nissan, Chrysler advance David Phillips GM and Ford reported declines in July U.S. sales tied to falling fleet deliveries while smaller rivals posted sharp gains. GM's sales dropped 6 percent last month, with deliveries to retail customers off 3% and total fleet shipments down 15%. Ford reported a 4% drop in sales last month, with retail volume up 2% and fleet down 16%.  story    U.S. light-vehicle sales are expected to rise 11 percent in July to 1.17 million units, based on the average estimate of 11 analysts surveyed by Bloomberg. (BLOOMBERG) Follow Automotive News

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