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Battered auto markets

Posted on August 07, 2008

By Joseph Romm Green Car Congress reports: US sales of light-duty vehicles continued their decline in July, dropping to a total 1.136 million units, a 13.2% reduction in volume compared to July 2007, according to Autodata ... The year-on-year decrease came, in general, out of the light-duty truck segment. Sales of cars in July 2008 slightly increased 0.3% on a volume basis (not on a day-sales rate) to 620,213 units, according to Autodata. Light truck sales, however, dropped 25.2% by volume from the year before to 515,963 units. The car-truck ratio for the month was 55:45, the fift...

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