US: Summer sales sizzle

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July US light vehicle sales were hot, rising 9.2% to almost 1.44m units, producing a seasonally adjusted annual rate (SAAR) of 16.48m. That's a 720,000-unit improvement over last July and marks the fifth consecutive month the SAAR has been above 16m. However, that's a bit below the 16.7m predicted by industry analysts.