Vehicle dispatches to dealers fall 19%, worst drop in 19 years

The 18.7% decline in July auto sales is the biggest monthly decline in nearly 19 years, compared with 12.3% in the previous month. Players blame economic slowdown and liquidity crunch for the slump as wholesale dispatches to dealerships dropped the most in nearly two decades, or since the 22% decline in December 2000. Sales continue to drop despite discounts.

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