General Motors was the top seller out of the U.S. automakers last month, reporting its best July sales since 2007 -- selling more than 256,000 vehicles, a 9.4% year-over-year increase. Toyota was the number two seller in July, with U.S. sales that rose nearly 12% to more than 215,000 vehicles. Ford reported its best July in eight years, with sales that climbed 10% to more than 212,000 vehicles, putting it in third place. With about 65% of the industry's results reported, Bank of America Merrill Lynch analysts calculated July's light vehicle industry's seasonally adjusted annual rate to be tracking 16.7 million units, in line with consensus.

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