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CARS & TRUCKS MARKET * USA
* USA - Vehicle sales in July best in 7 years
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Detroit,MICH,USA -The Detroit News, by Karl Henkel, Melissa Burden and Bryce G. Hoffman -August 1, 2013: -- Strong retail sales of cars and trucks lifted the U.S. auto industry to its best July in seven years, in a sign that consumers are increasingly feeling better about the economy and are trading in their aging vehicles. Analysts believe the momentum could propel the industry to nearly 16 million sales by year’s end, which would be the best year since 2007... Automakers sold nearly 1.32 million cars and light trucks during the month, a 14 percent increase from the same period a year ago, according to Autodata Corp. That translates into a seasonally adjusted annualized selling rate of 15.67 million cars and trucks, up from the 14.09 million sales rate of the same period year ago. Total sales in 2012 were 14.49 million... GM posted the strongest growth among the domestics, with sales up 16.3 percent to 234,071. Chrysler posted an 11.1 percent sales gain and sold 140,102 cars and trucks. Ford sales jumped 11.3 percent to 193,080, kept down by falling inventory levels on popular models like the Fusion midsize sedan... Pickups and sport utility vehicles continued to be favorites. Sales of pickups, up 23.2 percent compared to July 2012, made up 14 percent of all new-vehicle sales last month. That growth is expected to continue for the rest of the year...
Labels: market news USA
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