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Wednesday, August 1, 2007

GM, Ford, Toyota, Honda Say U.S. Sales Fell in July

" Automakers reported their biggest monthly decline in U.S. sales in a year as a housing slump and rising gasoline prices reduced demand for cars and trucks from General Motors Corp., Ford Motor Co. and Toyota Motor Corp.

GM and Ford, the two biggest, said July sales plunged at least 19 percent. Toyota and Honda Motor Co., Japan's biggest automakers, each posted a drop of more than 7 percent from a year earlier, while DaimlerChrysler AG fell 9.1 percent.

The five largest U.S. automakers by sales hadn't posted declines in the same month since May 2005. Industrywide sales were off 12 percent, and U.S.-based automakers' market share went below 50 percent for the first time. "

Source: GM, Ford, Toyota, Honda Say U.S. Sales Fell in July (Update7) (http://www.bloomberg.com/apps/news?pid=20601087&sid=al8sZo8ZidIY&refer=home)