U.S. July auto sales rate 12.55 mln units: Autodata

Fri Aug 1, 2008 5:43pm EDT
 
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DETROIT (Reuters) - U.S. auto sales fell to an adjusted annualized rate of 12.55 million units in July, the worst showing since April 1992, from 15.48 million units a year earlier, auto industry tracking firm Autodata Corp said on Friday.

The seasonally adjusted annual rate, or SAAR, is a closely tracked indicator of auto industry demand.

(Reporting by David Bailey, editing by Leslie Gevirtz)

 
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