July Auto Sales Down, Nissan and VW See Gains

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Ford Motor Co. and Toyota Motor Corp. said Friday that their U.S. sales fell by double-digits in July as they struggled to keep up with consumers' growing demand for smaller, more fuel-efficient vehicles.

Automakers were expecting July sales to be at their lowest level in more than a decade as sales of trucks and sport utility vehicles continued to plummet and new troubles in the auto leasing market further wrecked consumers' confidence. And they said things could get worse before they get better.

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