Business

Car Makers Post Hot First-Half U.S. Sales

This July 14, 2010, file photo shows Cadillac CTS vehicles being displayed outside the LaFountaine Cadillac in Highland Township, Mich.  General Motors’ safety crisis worsened on Monday, June 30, 2014, when the automaker added 8.2 million vehicles to its huge list of cars recalled over faulty ignition switches. The latest recalls cover seven vehicles, including the Chevrolet Malibu from 1997 to 2005 and the Pontiac Grand Prix from 2004 to 2008. The recalls also cover a newer model, the 2003-2014 Cadillac CTS. GM said the recalls are for “unintended ignition key rotation.” (AP Photo/Carlos Osorio, File)
This July 14, 2010, file photo shows Cadillac CTS vehicles being displayed outside the LaFountaine Cadillac in Highland Township, Mich. (AP Photo/Carlos Osorio)

 

(Wall Street Journal) – Several top auto makers posted higher U.S. sales in June, capping a fast-paced first half of the year and prompting many industry analysts to lift annual light-vehicle-sales forecasts.

Aided by one more selling day than the prior-year period, six of the top seven selling auto makers in the U.S. reported gains. General Motors Co., which had a decline in sales to rental fleets, was alone in reporting a decline as June volume fell 3% to 259,353 vehicles.

The strong start to the summer selling season is a welcome trend for an auto industry combating slowdowns in other parts of the world. While India and Western European volumes are solid, growth has slowed in China while other emerging markets—notably Brazil and Russia—are stuck in a tailspin.

American car buyers have long been among the most valued in the world by auto makers, as higher transaction prices and demand for bigger vehicles make sales more profitable. The high concentration of sales of trucks and SUVs amid lower gasoline prices, combined with better capacity utilization and tighter inventory controls, has made the U.S. market even more lucrative during the current boom.

READ MORE

Tags
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Back to top button

My News Matters to me - Washington Informer Donations

Be a Part of The Washington Informer Legacy

A donation of your choice empowers our journalists to continue the work to better inform, educate and empower you through technology and resources that you use.

Click Here Today to Support Black Press and be a part of the Legacy!

Subscribe today for free and be the first to have news and information delivered directly to your inbox.


By submitting this form, you are consenting to receive marketing emails from: Washington Informer Newspaper, 3117 Martin Luther King Jr. Ave SE, Washington, DC, 20032, http://www.washingtoninformer.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker