Ford sales fall 5%

June for light vehicle sales were down 5.0% which is a technically good news because the estimate was -6.0% expected.

Update: GM numbers are now out. Their June sales fell 4.7% compared to the -3.4% estimate. They also warned on high inventories.

Update 2: Fiat Chrysler sales were down 7.4% compared to the -7.9% estimate.