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Hyundai Motor Co.

US auto sales strong in July on SUV, luxury demand

US auto sales strong in July on SUV, luxury demand

More Americans are buying cars that say "look at me." Luxury vehicles like Audis and Volvos drove off dealer lots at a furious pace in July and, combined with sizzling demand for SUVs, helped the auto industry roll on toward its best annual sales since before the recession. July sales rose 5 percent to more than 1.5 million, according to Autodata Corp. Subaru reported the biggest sales gain of 10.5 percent over last July. General Motors, Fiat Chrysler and Hyundai all saw 6 percent sales increases, while Honda and Nissan saw 8 percent gains. Ford's U.S. sales rose 5 percent. Volkswagen sales rose 2 percent. Toyota's sales were flat, hurt by a big dip in car sales. The...

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