Auto sales surge in June
Tue, 02 Jul 2013 20:30:28 GMT —
New figures released Tuesday show Americans are buying new cars and trucks at a pace that has not been seen since before the recession.
Ford says its June sales rose 14%.
Chrysler's sales increased 8%.
General Motors saw a gain of 6.5%.
The Toledo built Jeep Wrangler had a huge June as well, posting a 12% compared to last June.
Analysts say they don't see much that could slow the sales momentum of the first six months of the year.
Factors that helped spur sales -- including low interest rates, wider credit availability and rising home construction -- are likely to remain in place. And demand hasn't been dampened so far by hiccups in the stock market, or by higher taxes and fluctuating gas prices.