U.S. auto manufacturers reported a seventh consecutive month of year-over-year sales declines on Tuesday, but the outlook may not be as dire as the numbers indicate: Car companies are meanwhile shifting their business toward a more profitable mix of models, customers, and incentives as the industry enters the “post-peak era.”
New vehicle sales slid 7% in July, led by double-digit declines at General Motors and Fiat Chrysler, extending an industry-wide decline that started in January.