Domestic auto sales collapse continues in June
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Domestic auto sales fell 23.2% y/y in June – the seventh consecutive month of double-digit declines (CPCA).
Internal combustion engine (ICE) vehicle sales again accounted for most of the decline, falling 39% y/y to just 600,000 units – a multi-decade low. NEV sales fell 9.4% y/y to 1.01 million uni...