Auto sales in America slumped to a 16-year low in July as automakers failed to keep up with consumers’ growing demand for smaller, more fuel-efficient vehicles. While production changes may help that problem, trouble in the credit and auto leasing markets will continue to take a toll on sales. GM, Ford, Toyota and other automakers said that their U.S. sales fell by double-digits. Nissan was the only major automaker to report a gain, with truck sales up 18% thanks in part to the new Rogue crossover and a boost in incentives. Nissan’s overall sales rose 8.5%. July’s seasonally adjusted sales would be if they continued at the same pace for the full year – was 12.5 million vehicles, according to Autodata Corp. That’s down from 17 million as recently as 2005. Automakers in America expect things to get worse before they get better.

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