Global Car Sales Slipped 2% in July

Worldwide deliveries of light vehicles slipped 2% to 7.30 million units last month, LMC Automotive reports.

The market forecasting data firm says the annualized sales pace rose by 400,000 units to 92.5 million from June to July. But it trailed last year’s pace by 5%.

LMC says year-on-year volumes gained in the U.S. (+2% to 1.40 million units), western Europe (+1% to 1.35 million), Japan (+4% to 453,900) and South America (+2% to 279,900).

Those gains were partly offset by declining sales in China (-4% to 1.81 million), eastern Europe (-7% to 325,400), Canada (-1% to 173,700) and South Korea (-4% to 145,600).