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</script>  <br> </td> </tr> <tr> <td> <p class=red align="center">Advertisement</p> <script type="text/javascript"></script> <script src="http://scripts.chitika.net/eminimalls/amm.js" type="text/javascript"> </script>  <script type="text/javascript"> GA_googleFillSlotWithSize("ca-pub-0200629403145096", "CA_AutoBTFLeftSky160x600", 160, 600); </script>  <br><br><br> <strong></strong> <p class=small><strong><a href="https://www.securewebtools.com/roadway/carinsurance.htm">Cheap Car Insurance</a></strong> <br>Insurance companies on TV can’t compete with our multi-quote system.<br><a href="https://www.securewebtools.com/roadway/carinsurance.htm">Click here for your quote!</a><br> </p> </span> </td> <br><br> </tr> </table>  </td> <td width="430" valign="top">  <p class=small><strong>By Joe Benton<br>ConsumerAffairs.com</strong></p> <p><em>August 1, 2008 <a href="http://www.noticiasparalosconsumidores.com/index.php?option=com_content&view=article&catid=33:noticias-de-los-consumidores&id=906:gm-disminuye-precios-el-mes-de-febrero&Itemid=54">Spanish</a> </em>  <br><table cellspacing="2" cellpadding="2" border="0" bgcolor=#eeeeee align="right" width="140"> <tr bgcolor=#ffffff> <td><p class=tiny> <script type="text/javascript"></script> <script src="http://scripts.chitika.net/eminimalls/amm.js" type="text/javascript"> </script> <img src="/news04/2006/10/images/car_sales.jpg" alt="" width="180" height="212" border="0"> <br> • <a href="/news04/2008/10/auto_sales_collapse.html">Global Auto Market Faces "Outright Collapse" in 2009</a><br> • <a href="/news04/2008/10/cr_suv_ratings.html">Ford Flex, Mazda Cx-9 Rank Among Best Three-Row SUVs</a><br> • <a href="/news04/2008/09/hispanic_car_loans.html">Hispanic-Americans Pay More For Used Car Loans</a><br> • <a href="/news04/2008/08/gm_discounts_new.html">GM Offers Employee Prices to Spur Slow Sales</a><br> • <a href="/news04/2008/08/auto_satisfaction.html">U.S. Consumers Favor Japanese and German Automakers</a><br> • <a href="/news04/2008/08/auto_sales_decline.html">Automakers Report Huge Drop in Sales</a><br> • <a href="/news04/2008/02/gm_prices.html">GM Cuts Prices for February</a><br> • <a href="/news04/2008/01/toyota_gm.html">Toyota Sales for 2007 May Surpass GM</a><br> • <a href="/news04/2007/11/gm_sale.html">New GM Sale May Challenge Bargain Hunters</a><br> • <a href="/news04/2007/10/gm_sales.html">GM Hangs on as World's No. 1 Automaker</a><br> • <a href="/news04/2007/07/cr_saturn_outlook.html">Saturn Outlook Gets High Marks from Consumer Reports</a><br> • <a href="/news04/2007/06/summer_car_sales.html">Summer Car Sales Start to Sizzle</a><br> • <a href="/news04/2007/06/cr_new_cars.html">Consumer Reports Lists Best New Car Deals</a><br> • <a href="/news04/2007/06/chrysler_inventory.html">Chrysler Dumps Remaining 2006 Inventory on Used Car Market</a><br> ---<br> • <a href="/news04/2005/auto_sales_index.html">More about Auto Sales ...</a> </p></td> </tr> </table> U.S. automakers reported enormous sales declines in July that were much worse than expected.</p> <p>High gasoline prices and a slowing economy pounded the U.S. auto industry as consumers demanded small fuel efficient cars and trucks from an industry that for years has depended on trucks and SUVs for profits.</p> <p>GM car and light truck sales fell a whopping 26 percent. Sales of light trucks and SUVs at GM dropped 35 percent.</p> <p>Ford sales were off almost 15 percent with truck and SUV sales down 26 percent as well.</p> <p>GM earlier reported a $15.5 billion quarterly loss, in large part because of plummeting sales and prices for SUVs.</p> <p>Faced with a sharp decline in the resale value of used cars and trucks, GM, Ford and Chrysler have all pulled back on auto leases and tightened consumer credit terms.</p> <p>Chrysler has <a href="/news04/2008/07/auto_lease_deals.html">completely abandoned leases.</a></p> <p>Even Japanese auto giant Toyota reported a sales downturn. Toyota sales dropped 12 percent.</p> <p>Toyota saw a 24 percent decline in SUV sales and a 32 percent drop in pickup sales. Sales of Toyota cars were largely flat.</p> <p>Sales of the Prius, the best selling hybrid in the U.S., fell 8 percent because of supply problems at Toyota.</p> <p>Honda reported a sales decline as well, down just 1.6 percent.</p> <p>The only large automaker to report a sales increase was Nissan. Sales were up 8 percent.</p> <p>Volkswagen's best-selling vehicle, the Jetta, sold well in the face of high gas prices. Sales rose 14.7 percent in July. Sales of the Touareg SUV were down more than 30 percent.</p> <p>Daimler AG's Mercedes-Benz sales rose 11.6 percent in July.</p> <p>Daimler's other U.S. unit, Smart USA, sold 2,559 of its tiny Smart ForTwo vehicle. The vehicle, which went on the market in the U.S. earlier this year, has sold 13,958 units so far.</p> <p>Porsche sales were down 3 percent to 3,230 because of a drop in Cayenne SUV sales. Porsche car sales were up slightly in July.</p>   <br><br> <p class=tiny><strong><a href="/php/a_report.php">Report Your Experience</a></strong> <br>If you've had a bad experience -- or a good one -- with a consumer product or service, we'd like to hear about it. All complaints are reviewed by class action attorneys and are considered for publication on our site. Knowledge is power! 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