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Inside this issue
Sales Drop 7% Behind Dips at Detroit 3, Nissan, Honda
The Real Reason Car Sales Are Falling
Deals Get Sweeter as Buyers Sour on Cars in July
EPA Eager to Work with Auto Industry to Evaluate Regulations
Camaro Stays True to Its Roots after 50th Anniversary
Top Stories
Sales Drop 7% Behind Dips at Detroit 3, Nissan, Honda

Toyota posts 3% gain; SAAR falls to 16.78 million

U.S. light-vehicle sales dropped 6.9 percent in July, the weakest showing yet in a year that is on track to generate the industry's first decline in volume since the 2008-09 market collapse. The seasonally adjusted, annualized sales rate fell to 16.78 million last month, down sharply from 17.82 million in July 2016.
Source: Automotive News

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The Real Reason Car Sales Are Falling

Vehicles haven’t been hitting the junkyard quick enough to maintain what had been a record pace.

The only real wild card in the U.S. car market is the replacement rate, which is to say how often cars and trucks make their way to the junkyard. This is perhaps where auto executives should have seen the slowdown coming. In the past two decades, about 13 million vehicles were dropping out of the U.S. fleet every year, far less than the number of new vehicles sold over the past five years.
Source: Bloomberg

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Deals Get Sweeter as Buyers Sour on Cars in July

Buyers can expect sweeter deals on small and mid-size cars as automakers try to clear out excess inventory amid declining sales, even as larger vehicles continue to sell well. For shoppers, it's a tale of two lots. On one lot are passenger cars, which are flailing as gasoline prices fall. On the other are crossovers, sport-utility vehicles and pickups, which are flourishing as drivers choose roomier designs.
Source: USA Today

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EPA Eager to Work with Auto Industry to Evaluate Regulations

Chris Grundler, head of the air quality division of the U.S. Environmental Protection Agency, struck a cooperative rather than combative tone Tuesday as he outlined the agency's desire to work with the automotive industry as the EPA restructures greenhouse gas emission regulations.
Source: Detroit Free Press

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Camaro Stays True to Its Roots after 50th Anniversary

As the 50th anniversary celebration winds down for the Chevrolet Camaro, it’s right back where it started: playing second wheel to Ford’s Mustang in the sales charts. Yet Camaro carves a distinct place in pony car Americana both past and present, renowned for stoplight sprints, countless first dates, and pacing the Indianapolis 500 nine times.
Source: Chicago Tribune

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Quotable
"We expect some rebound from the sales pace in the first half of the year, but overall light vehicle demand does seem to be stuck in neutral."

    -- Christopher Hopson, manager of North America light-vehicle forecasting for IHS Markit, Automotive News, August 1

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