Economy
July 1, 2014
US Auto Sales Exceed Expectations
Written by Sandy Williams
US auto sales slowed a bit in June but still made gains for most automakers. Sales exceeded analyst expectations totaling 1.4 million in June. WardsAuto’s currently estimates the seasonally adjusted annual rate for light vehicles in 2014 at 16.98 million, in line with industry forecasts of 17 million.
Chrysler had the best showing of the Detroit big three with sales up 9 percent year over year in June. General Motors showed a 1 percent gain while Ford Motor Company sales were 6 percent below June 2013 sales.
