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U.S. auto sales fall in July, as Detroit dials back on inventory, rental sales

DETROIT — U.S. carmakers said on Tuesday they continued to slash low-margin sales to daily rental fleets in July as General Motors, Ford and Fiat Chrysler Automobiles struggled to curb a slide in retail sales. July is on track to be the fifth straight month in which the annual pace of car and light truck sales declined from the same month a year ago, in part because of fewer fleet sales, analysts and industry executives said. July 2016 sales hit a strong 17.9-million-vehicle pace. GM said the seasonally adjusted annual sales rate fell to an estimated 16.9 million vehicles in July. At midmorning on Tuesday, GM shares were down 3.4 percent at $34.77, Ford was down 2.8 percent at $10.91, and Fiat Chrysler shares were down 0.3 percent at $12.05 in New York. GM sales dropped 15 percent from a year ago to 226,107 vehicles, as the company cut rental fleet sales more than 80 percent. The automaker said inventories of unsold vehicles at month's end were 104 days, down from 105 days at the end of June. GM has promised investors to reduce inventories to 70 days by year-end. Ford said its July sales dipped 7.5 percent to 200,212 vehicles, as it cut fleet sales more than 26 percent. Inventories fell to 77 days from 79 the previous month. Fiat Chrysler said sales dropped 10 percent to 161,477, as it also cut back sales to daily rental fleets. Among the top Japanese companies, only Toyota reported a year-to-year gain, with sales up 4 percent to 222,057 — just 4,000 units behind GM. Honda sales were down 1 percent to 150,980 — its first-quarter sales continuing to decline in North America but seeing a big increase in China. And Nissan sales fell 3 percent to 128,295. GM, Ford and Fiat Chrysler have cautioned that second-half financial results likely will be lower than first-half results, in part reflecting production cuts in North America and pricing pressures. The automakers this year have been deliberately dialing back sales to rental-car companies, which often generate little to no profit, while struggling to keep retail sales from sagging further, according to industry analysts. Industry consultant LMC cut its full-year forecast for new vehicle sales to 17 million vehicles. Automakers sold a record 17.55 million vehicles in the United States in 2016.

2019 Hyundai Veloster N vs. hot hatch rivals: How they compare on paper

The highly anticipated top-rung of the Veloster line, the 2019 Hyundai Veloster N, is on the verge of hitting dealers. And the company has finally dropped all the specifications, and perhaps most importantly, the car's official pricing that starts at $27,785. So you know what that means: it's time to see how it stacks up to the competition. The Veloster N falls into an interesting niche in the hot hatch world. It's the most potent of its model line, but it's not as powerful as vehicles such as the Civic Type R, Focus RS and Golf R. But it also doesn't have the price of those cars. As such, we decided to compare it with other sub-$30,000 sport compacts. We examined each car's power, fuel economy, size and pricing. You can see all the vital statistics in the chart below, as well as additional photos and analysis after that. As always, specifications only tell so much, so be sure to check out our detailed reviews of these cars. Also be sure to check out our comparison tool if you want to compare these with other models. Engines, transmissions and performance Three of these cars are impressively close in output, and one is, well, not. The Veloster N Performance Pack is the clear horsepower champion with 275 ponies. Second place for power is almost tied, with the Focus ST's 252 horses edging out the standard Veloster N's 250. The Focus ST also boasts the most torque at 270 pound-feet. The GTI nearly matches both Velosters with its 258 pound-feet, but its 228 horsepower is far behind the Korean and American entries. The Civic Si lags far behind with just 205 horsepower and 192 pound-feet of torque from the only 1.5-liter engine here. The rest use 2.0-liter engines. 2019 Hyundai Veloster N View 47 Photos Every vehicle here sends its power to the front wheels, and three of the four do so exclusively with 6-speed manual transmissions. That means that if you don't want to work a clutch, your only option is the VW GTI. It offers a 7-speed dual-clutch transmission, which, like all VW Group dual-clutch units, is really smooth and fast. While the Civic Si is at the back of the pack in terms of power, it does make up for it somewhat with excellent fuel economy. It's capable of hitting 38 mpg on the highway, and city mileage is rated at a solid 28 mpg. The Veloster N is at the back of the pack here, with its highway mileage the same as the Civic's city economy. Its city fuel economy is just 22 mpg.

Top 11 Lego Technic cars to buy on Amazon in 2024

Autoblog may receive a share from purchases made via links on this page. Pricing and availability are subject to change. I recently got a birthday wish list from my 11-year-old nephew, and I couldn't help but smile when I saw “Lego Technic Cars” at the top. Lego isnÂ’t a phase, itÂ’s a lifestyle. Once a Lego fan, always a Lego fan. In fact, IÂ’d be willing to bet that many of you reading this right now have some kind of Lego vehicle in a box somewhere, or better yet, on display in your home. While theyÂ’re not necessarily cheap, getting into building Lego Technic vehicles doesnÂ’t have to bankrupt you, either, unless you go for the $400 Lamborghini right off the bat. Here are 11 of our favorite Lego Technic vehicles on Amazon, right now, ranging from an affordable $35 all the way up to $450. LEGO Technic Ford Mustang Shelby GT500 Ages 9+ (544 Pieces) - $39.99 (20% off) One of my first and favorite model cars growing up was a first-gen Ford Mustang GT350, so this GT500 for under $40 is right up my alley. At 544 pieces and made for ages 9 and up, the GT500 is a considerable step up from Grave Digger but a great starter to a Technic collection nonetheless. It isnÂ’t the most accurate-looking vehicle in this list, but the AR app and the fact that it can drive make it a worthwhile purchase. $39.99 at Amazon LEGO Technic Formula E Porsche 99X Electric Ages 9+ (422 Pieces) - $49.99 Not a Ford fan? Not a problem. This Formula E Porsche 99X is the same price and better looking than the GT500. Even though there are 122 fewer pieces in this Porsche set, it has a level of detail seen in much more expensive Technic sets including numerous decals and a pull back motor.  $49.99 at Amazon LEGO Technic Jeep Wrangler Ages 9+ (665 Pieces) - $54.99 This is the set I ended up going with for my nephew, not because I think it is the coolest, but because for the price, I think you get the most bang for your buck. 665 pieces is over 50% more than the comparatively priced Porsche 99X and it also scratches the nostalgia itch for me: The first-ever model vehicle I built was a yellow Jeep Wrangler Sahara. This Wrangler Rubicon has definitely had some aftermarket mods like the front winch, which makes it one of the coolest Technic sets under $60.  $54.99 at Amazon LEGO Technic Monster Jam Grave Digger Ages 7+ (212 Pieces) - $34.16 If ever there was a gateway Lego Technic, this Grave Digger is it.