Detroit (TheStreet) -- U.S. auto sales continued to set a blistering pace in July, as Chrysler (FIATY) sales rose 20%. Ford (F - Get Report) said sales gained 10% and GM (GM - Get Report) sales gained 9%.
Chrysler had its best July since 2005, Ford had its best July since 2006 and GM had its best July since 2007. Chrysler said it internally projects the seasonally adjusted annual rate for U.S. light vehicle sales to be 16.8 million units, while GM projects the SAAR at 16.7 million. Nissan (NSANY) sales gained 11%.
GM said it delivered 256,160 vehicles in July. Retail sales gained 4%. Sales of crossovers and trucks, which include pickups, vans and SUVs, surged by double-digits.
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