General Motors

U.S. car sales continue to skid, drop 5.7% in July

U.S. car sales continue to skid, drop 5.7% in July

The economy is growing and unemployment is low, but consumers continue to shy away from new cars.

For the seventh month in a row, U.S. car sales continued to decline.

A faint bright spot is trucks and SUVs — which are continuing to sell fairly well — but even those purchases are slowing. And it's not enough to make up for the decline in traditional automobiles.

The big problem for automakers is sedans, which are “dragging everything down,” especially at Ford and General Motors, said Brian Moody, an analyst at Autotrader.

The news is bad for the industry, but good for consumers. Prices are competitive, and dealer incentives abound, especially for small and mid-size...

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