US new vehicle sales fall 4% in July amid lack of discounts, tariff concerns

US auto sales fell 3.7% to 16.8 million units on an annualized basis in July as a lack of industry discounts and tariff concerns weighed on consumer demand, according to analysts.

Most major automakers reported lower sales in July, which had one fewer selling day than July 2017. An exception was Fiat Chrysler, which posted a 6% increase.

Read more at US new vehicle sales fall 4% in July amid lack of discounts, tariff concerns.

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