Ford said July sales fell 7.5 percent, but inventory fell to 77 days from 79 the previous month.
Investors sold shares in the Detroit Three automakers on Tuesday.
Automakers have used low-margin sales to rental fleets to avoid factory shutdowns.
Several major automakers, including GM, Ford, Fiat Chrysler Automobiles, Nissan Motor Co. and Hyundai Motor Co. said they sharply reduced rental vehicle sales in July, and they portrayed the decisions as putting profit ahead of sales volume. Ford's decline? 7.5 percent. With labor agreements being more flexible, the automakers in Detroit have shifted away from that.
Compared to this time last year, "we're starting off at higher incentive levels; we've got even more elevated inventory levels and even worse inventory-quality problems" heading into the end of the model year, he said.
Big rental auto businesses in the USA like Avis Budget and Hertz are also restructuring their own fleets as their values drop for the rental vehicles they resell, and as ride-hailing services like Uber take a bite of their business.
Dropping sales could leave the big three in Detroit with an excess of factories in North America, said an industry forecaster. Chevrolet was down 15.3 percent, Cadillac fell 21 percent, Buick fell 30.5 percent and GMC, which concentrates on trucks, fell 7.3 percent. The automaker had 104 days of supply at the end of July, down from 105 days at the end of June.
Sales of the Calumet Region-made Ford Explorer shot up by 12.9 percent in July with 18,763 of the sport utility vehicles sold across the country.
GM stock fell 2.9 percent amid news of the decline. The Dearborn, Mich. -based automaker's fleet sales dropped by 26.4 percent to 40,720 units partly because of a Transit recall delivery hold.
Early renders include a slide-out secondary display, although it's not clear if LG has any intention to go with the same designs. It is a well-known fact that LG is working on the latest V30 smartphone, which it might unveil on August 31 during IFA 2017 .
Twitter's shares fell as much as 14.1 percent at one point after the open to $16.85, wiping out about $2 billion in market value. Revenue in the three months ended in June declined by 5%, year over year, to $574 million, yielding EPS of 8 cents.
Pico Blvd., at the intersection of South Redondo Boulevard, according to Los Angeles Fire Department spokeswoman Margaret Stewart. The van hit several tables of diners at The Fish Spot, a popular restaurant in the Mid-Wilshire neighborhood, KTLA reports .
Barahoti was listed as a disputed area by India and China in 1958, and it was agreed that neither side would send troops. The article argued that China must avoid war, but insist on Indian troop withdrawal from Doklam by other means.
Sunday's election for a constituent assembly to overhaul the country's charter has drawn worldwide outcry and opposition protests. The unprecedented ruling transferred legislative powers to the Supreme Court , which is comprised of judges nominated by Maduro.
The remarks drew applause from the cadets, but Suffolk County police officials were not happy with Trump's instructions. Some individual police departments also issued statements rejecting Trump's advice, as did civil liberties advocates.
Apparently, Foxconn will receive up to $3 billion in tax incentives, as state-funded stimulus for the execution of the project. Foxconn has previously said it would add a manufacturing facility somewhere in the US that would employ up to 10,000 people.
He warned PPP co-chairperson Asif Ali Zardari and said, "Next is your turn, we will set out against corruption". The PTI Parliamentary Party meeting was presided over by the Chairman Imran Khan at Bani Gala in Islamabad.
The MeT Centre here predicted that heavy to very heavy rain would occur at several places in Gujarat during the next two days. Skymet Weather has evaluates the cause of the heavy rain to be a low-pressure area over South Gujarat.
Tragic Baby Deaths in 2 Days in Phoenix
Two babies have have lost their lives to hot auto deaths in the Phoenix area in the past two days, according to officials. The deaths were the first and second cases of a child dying of heat stroke in a sweltering auto this year, Sgt.
Rob Ninkovich retires after 8 seasons with Patriots
The 33-year-old joined the Patriots in 2009 as a linebacker after having spent time in Miami and New Orleans. Ninkovich took one shot at the Dolphins during the questions and answers portion of his retirement ceremony.
India thrash Lanka by 304 runs
Sri Lanka was 68-3 in its reply when Kusal Mendis fell for a duck to give Mohammed Shami his second wicket in an over. At 432 for five, India was staring at a Sri Lankan outfit that suddenly found its spark.
US GDP rebound fails to ignite dollar spark
While businesses probably continued to carefully manage their inventories, they appeared to spend more in some places. That would follow two straight quarters when investment in homebuilding supported GDP growth.
Nintendo holds to Switch sales view despite demand
It's a shame we can't see Splatoon 2's opening numbers quite yet, but in October we're sure they'll be looking great. JAPANESE GAMING FIRM Nintendo has now sold 4.7 million Switch consoles since its arrival in March this year.
Man Utd to miss out on Renato Sanches again
However, reports in L'Equipe today claim that the 19-year-old has agreed a four year deal with Serie A big spenders, AC Milan . Manchester United had also been linked to Sanches, who's agent is Jorge Mendes, who also represents Jose Mourinho.