U.S. auto sales may be slowing, but they still set a record in the first six months of this year. Sales through June were up 1.5 percent to 8.65 million, eclipsing last year’s record of 8.5 million, according Autodata Corp. That was partly due to a strong June, which saw sales rebound after a disappointing May. Sales rose 2.5 percent to more than 1.5 million. Ford, Honda, Fiat Chrysler, Hyundai, Subaru and Nissan all reported gains for the month. Sales were down at General Motors, Toyota and Volkswagen. After six straight years of growth – and record sales of 17.5 million last year- U.S. sales are beginning to plateau. In the first six months of last year, for example, sales were up 4 percent, or more than double the pace of this year. But low gas prices, low interest rates, enticing new vehicles […]

Posted in: USA