The Automotive Monthly Metals Index (MMI) slipped by 0.7% for this month’s index reading, as U.S. auto sales surged in June and Q2.
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US auto sales
Among the top automakers, General Motors reported its Q2 sales in the U.S. market jumped by 40% year over year.
GM reported sales of 688,236 vehicles in the quarter.
The automaker touted continued robust demand but also noted the ongoing strain on supply stemming from the global