July U.S. sales expected to fall for 7th straight month

U.S. auto sales are forecast to fall for a seventh straight month in July from 2016's record pace despite continued high incentives from manufacturers.

Big U.S. auto discounts are bane to Asian automakers' profits

Asian carmakers are taking hits to their profits from having to spend more to move metal in America. Nissan and Hyundai both said higher U.S. incentives dented Q2 profits.