July volume will result in a 16.9 million seasonally adjusted rate of sales.

Production in Mexico continued to break records, while plants in the U.S. and Canada slowed down for the summer. 

Large gains in Classes 4 and 5 result in a 5.4% boost for U.S. medium- and heavy-duty truck sales.

With double-digit gains in nearly every class, Canada medium- and heavy-duty truck sales were 26.1% ahead same-period 2016.

Despite record light-truck sales, Mexico LV deliveries slipped to second-best in June.

The downside to artificially creating more demand this year to pare inventory is a greater pull-ahead of volume from 2018.

If the industry-wide 6-month trend continues into the second half of 2017, the year will end with the smallest year-over-year improvement seen in the 10-year history of the index.

Canadian dealers delivered 202,887 light vehicles in June, down from May’s all-time high, but still a record for the month.

The North American auto industry’s third-quarter output plans see modest increase, mostly set for Ford.

Besides big production cuts, stronger price discounting will be needed to relieve the worsening dealer inventory burden.