US auto sales surprise with strength in June
Source: AP-Excite
By DEE-ANN DURBIN
DETROIT (AP) — U.S. auto sales grew at the fastest pace in eight years in June, surprising the industry and setting it up for a strong second half of the year.
Sales rose 1.2 percent over last June to 1.4 million cars and trucks, according to Autodata Corp. GM, Toyota, Hyundai and Nissan all saw increases over last June. Honda sales were flat, while sales at Ford and Volkswagen were down.
June's annualized sales rate — which estimates annual sales if they stayed at the same pace every month — was 16.98 million. That was the fastest pace since July 2006 and higher even than May, which also surprised the industry with its strength.
Jesse Toprak, an auto analyst for the car buying site Cars.com, said buyers are out because of low interest rates, a strong stock market — which improves confidence — and great new vehicles. An easing in lending standards is also adding more potential buyers to the market.
FULL story at link.
Read more: http://apnews.excite.com/article/20140701/us--auto_sales-b93491f30d.html
In this Friday, March 14, 2014 photo, assembly line workers build a 2015 Chrysler 200 automobile at the Sterling Heights Assembly Plant in Sterling Heights, Mich. Chrysler's U.S. auto sales jumped 9 percent in June on strong sales of the new Jeep Cherokee SUV and other models, the company reported, Tuesday, June 1, 2014. (AP Photo/Paul Sancya)
= new reply since forum marked as read
Though I think we can agree it's all a distraction to keep us from talking about Benghazi and the IRS probe
