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(Transportation-News.com, August 07, 2012 ) Wilmington, NC -- July auto sales just kept on galloping along at a steady, impressive pace in July despite the all around sadness in the overall economy.
If the current car sale pace continues, close to 14 million vehicles will be sold in 2012, an increase of around 1.2 million from 2011. Conversely, the nation's economic growth slowed to a nearly imperceptible 1.5 percent for the just closed second quarter.
Unfortunately for the American carmakers, the industry's positive numbers are largely driven by Honda and Toyota who snatched market share from General Motors and Ford. GM's and Ford's market share, at 18.4% and 15.1% respectively, are two points off what they were this time last year.
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Source: EmailWire.Com 
Source: EmailWire.com
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