U.S. Auto Sales Fall Sharply

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Sales of American cars and trucks fell steeply in May, automakers reported Thursday, with both General Motors and Chrysler posting double-digit declines.


In a sign of Toyota’s ever-growing strength in the domestic auto market, the Japanese automaker displaced DaimlerChrysler as nation’s No. 3 seller for the second straight month.


All three American automakers saw their sales dip significantly last month despite far greater spending on rebates and discount programs than their Japanese rivals. Chrysler spent the most, an average of $3,642 in incentives for each vehicle, according to Edmunds.com. That was an increase of $100 from April.






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