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

July U.S. auto sales will decline for the seventh straight month from last year's record as manufacturers continue using large incentives to clear inventories before model changeovers.

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.