GM Holds Lead Despite Double-Digit June Decline
GM outsold Toyota in June with 262,329 versus 193,234 vehicles amid a broad sales drop for all major makers. Toyota down 21.4 percent, Ford down 27.9 percent, GM down 18.2 percent for June, driven by weak truck SUV demand and higher gasoline prices.
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Industry managers report ongoing price hikes as raw materials costs rise. ISM indexes show contraction easing but growth above 50, while oil surges force price guarantees to tighten. Firms like Myers Container and Farmers Factory seek savings. inflation fears grip markets and spending.
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