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July's Global Automotive Inventory Charts

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Auto sales numbers for July were released on August 1.

Overall, growth looked strong across those reporting, though some companies came in with growth below expectations.

To recap the July sales growth:

Company July Sales Growth
General Motors +9.4%
Honda Motors -3.9%
Toyota Motors +11.6%
Ford +9.6%

Bank of America (NYSE: BAC) on August 5 published a note highlighting the growth in inventories for select automakers and regionally for Japan, Korea and the EU. Looking first at the U.S. specific firms, inventory supplies have grown in recent years and remain on the up-path relative to the five-year averages.

General Motors (NYSE: GM)

Ford (NYSE: F)

Chrysler

Regionally, Japan has remained stable, while Korean inventories have swelled to nearly 40 percent above the five-year average and eurozone inventories remain stable and roughly inline with the five-year average

Japan

Korea

Eurozone

Posted-In: Analyst Color News

 

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