U.S. sales advance 14% in June amid signs of slowdown
Automotive News — July 1, 2010 – 10:51 am ET
UPDATED: 7/1/10 3:27 p.m. ET
U.S. light-vehicle sales rose 14 percent in June, with major automakers posting some of their smallest gains of the year amid signs of sagging consumer confidence and a cloudier economic outlook.
Ford Motor Co.‘s 13 percent advance from June 2009 was its smallest monthly increase since November. General Motors Co. recorded an 11 percent increase, its second-smallest in the year’s first half. Industry sales on a seasonally adjusted annual basis were 11.1 million, the lowest since February.