Sales for major U.S. auto makers sharply declined in July amid a modest slump in lease deals that have kept payments low, continuing an industry slowdown that has led to a glut of inventory on dealer lots and a spate of discounts.
NYS Entity Status
- Dissolution by Proclamation / Annulment of Authority (Jun 26, 1996)
NYS Filing Date
FEBRUARY 03, 1992
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
1992 - GREAT DEAL AUTO SALES, INC.
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July saw the biggest decline in U.S. vehicle sales this year, leaving automakers to hope that people are just waiting to pounce on Labor Day deals.Ford’s sales were down 7.5 percent, Fiat Chrysler’s declined 10 percent, Volkswagen’s fell 5.8 percent, Nissan’s fell 3 percent and Honda’s were down 1.2 percent.Automakers continue to see healthy profits, thanks to consumers’ preference for SUVs.GM said sales of its recently updated GMC Acadia SUV jumped 30 percent, while sales of Toyota’s RAV4 SUV rose 36 percent to 41,804, a monthly record.[...] car sales are plummeting, hurt by low gas prices and changing tastes.Sales of the Ford Fusion midsize sedan dropped 42 percent, while sales of the Chevrolet Spark subcompact fell a whopping 82 percent.Average interest rates on new-vehicle loans fell to a six-month low of 4.77 percent in July as more brands offered no-interest financing, Edmunds said.
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