June Automobile Sales Set Strong Pace
U.S. automobile sales continued at a strong pace in June, putting the industry on track for its highest-selling year since 2007, Bloomberg reported.
Sales ran at a 14.1 million seasonally adjusted annual rate, up from 13.8 million in May, Bloomberg said, citing Autodata Corp. figures.
Toyota Motor Corp. and Honda Motor Co. led the industry with June gains of 60% and 49%, respectively, Bloomberg reported.
Chrysler’s sales jumped 20% as the company posted its best June sales in five years, and Volkswagen AG is on track for its best U.S. sales year since 1973, the Associated Press reported.
General Motors Co.’s sales rose 16%, while Ford Motor Co.’s rose 7%. The two U.S. automakers’ fleet sales accounted for about a third of their sales.
Volkswagen’s sales of its VW and Audi brands jumped 32% in June, while Nissan Motor Co.’s sales rose 28%, Bloomberg reported.
Affiliated South Korea-based Hyundai Motor Co. and Kia Motors Corp. combined to sell 10% more vehicles than in June than a year earlier.
