Summer has heated up and gotten off to a great start for the auto industry! New car sales in the U.S. rose during the month of June, even after analysts had predicted otherwise. Many figured that carmakers wouldn’t get off to a good start for the summer, since June had fewer selling days than May, but that wasn’t the case. In all, Chrysler, Toyota, and Nissan sales rose, as did GM’s by a slight amount; luxury brands like Mercedes-Benz and Audi continued a record-setting pace. Jeff Schuster, senior vice president of forecasting at LMC Automotive said, that the US auto market is arguably in the best position and health it has been in since well before the great recession (Padgett).
Now that we’re into July, it’ll be exciting to see what happens in the auto market! Dealers continue to remain optimistic, and hope to continuously see sales rise throughout the rest of the summer. To view the article, or get more details on June auto sales, click here.
Padgett, Marty. “June auto sales: Chrysler, Toyota, and Nissan rise, while Ford slips.” The Christian Science Monitor. The Christian Science Monitor, 2 July 2014. Web. 3 July 2014.