Strong June Seen for Auto Sales

By: Associated Press Email
By: Associated Press Email
MGN Online

MGN Online

DETROIT (AP) - Sales from the major automakers are expected to show that confident U.S. buyers snapped up new cars and trucks at a strong pace in June.

Chrysler said Tuesday that its sales rose 8 percent for its best June since 2007. Ram brand sales rose 23 percent and Dodge sales were up 12 percent on the strength of the Dodge Dart small car.

Other car companies report June results later in the day.

Analysts don't see much that could slow the sales momentum of the first six months.

The things that juiced sales - low interest rates, wider credit availability, rising home construction and hot new vehicles - aren't going away anytime soon. And so far, hiccups in the stock market, higher taxes and fluctuating gas prices haven't dampened demand.

Ford says U.S. sales rose 13 percent in June, with gains in big pickups as well as small cars.

Ford Motor Co. said F-Series pickup truck sales jumped 24 percent from last June to just over 68,000. It was the best June for the F-Series since 2005. Pickup sales soared this spring on demand from home builders and other small businesses as the economy improves.
Sales of the recently updated Ford Fiesta subcompact doubled over last year, while sales of the Focus small car gained 9 percent. Analysts said small cars got a boost in June as gas prices remained high and young graduates bought new cars.

Sales of the Fusion sedan and Escape SUV - two of the company's biggest sellers - were flat compared with last year.

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