Arab Today, arab today us auto sales accelerate to best july since 2006
Last Updated : GMT 16:20:39
Arab Today, arab today
Arab Today, arab today

US auto sales accelerate to best July since 2006

Arab Today, arab today

Arab Today, arab today US auto sales accelerate to best July since 2006

Chicago - AFP

US auto sales continued to accelerate, posting the best July performance since 2006 Thursday as consumers flocked to dealerships to replace ageing vehicles with new models at low interest rates. \"Solid industry sales in July point to a stable market indicating a recovering economy,\" said Bill Fay, group vice president at Toyota. \"Consumer confidence also maintained elevated levels as evidenced by strong retail sales.\" Total industry sales rose 14 percent from results in July 2012, according to Autodata. The sales came in at an adjusted, annualized rate of 15.7 million units, down slightly from the 16 million posted in June but up sharply from the 14.1 million set a year ago. It\'s a stunning recovery from a deep and painful downturn which pushed General Motors and Chrysler into bankruptcy as the sales pace fell as low as 9.1 million in the wake of the 2008 financial crisis. \"The industry continues to be driven by strong demand for full-size pickups and small (crossovers), although small cars have cropped up as another segment to watch due to the impact of rising summer gas prices,\" said Alec Gutierrez, an auto analyst with Kelley Blue Book. \"With the economy continuing its slow and steady recovery and low lease opportunities, rock bottom interest rates, and cash rebates all readily available, all signs point to continued solid growth through the second half of the year.\" Toyota\'s sales rose 17 percent to 193,394 vehicles in July, the Japanese automaker said. GM\'s sales jumped 16 percent in July to 234,071 vehicles. \"For GM, July was the most well-balanced month of the year from a retail sales standpoint: trucks were hot, but so were small cars and family vehicles,\" GM sales chief Kurt McNeil said. \"Our experience shows that the difference between good sales and great sales in a slow-growth economy is how many new products you have to offer, and we are starting to hit our sweet spot.\" Chrysler posted its 40th consecutive month of gains as sales rose 11 percent to 140,102 vehicles, its best July performance in seven years. \"We continue to see strong retail sales, particularly with our pickup trucks and SUVs,\" Chrysler sales chief Reid Bigland said. Ford\'s sales rose 11 percent to 193,715 vehicles for its best July since 2006. \"Our small cars and hybrids continue to attract new customers to Ford and away from our competitors, thanks to the vehicles\' combination of styling, technology, fuel economy and performance,\" Ford sales chief Ken Czubay said. Honda\'s sales jumped 21 percent to 126,289 units while Nissan\'s sales grew 11 percent to 109,041. Korean automaker Hyundai\'s sales grew by a more modest six percent to 66,005 while its sister company Kia saw sales grow just two percent to 49,004. Volkswagen, which is in the midst of a major push to expand its US market share, saw sales fall three percent in July to 35,779 vehicles. Mercedes-Benz saw sales jump 19 percent to 25,564 while rival German luxury brand BMW\'s sales grew 13 percent to 24,043.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us auto sales accelerate to best july since 2006 Arab Today, arab today us auto sales accelerate to best july since 2006

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us auto sales accelerate to best july since 2006 Arab Today, arab today us auto sales accelerate to best july since 2006

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday