Auto sales on track for best since 2007

[WI_DEM]

U.S. car and truck sales could surpass 14 million for the first time in five years, with every major automaker reporting a strong midyear performance.

Strong June sales announced Tuesday boosted performance for the first six months of the year, prompting analysts to revise their consensus forecast of 13.9 million upward, to 14.2 million.

That would be the industry's best U.S. sales year since 2007, when 16.1 million trucks and cars were sold. Last year's American sales totaled 12.8 million, as the industry continued to claw its way back from a devastating downturn.

Industry experts attribute the momentum to attractive new vehicles, easier credit, moderating gas prices and modest economic growth.



From The Detroit News: http://www.detroitnews.com/article/20120704/AUTO01/207040346#ixzz1zfRDgELP

[RB TexLa]

1. That is a lot of money spent because people feel they deserve a new car

When did we begin to feel we are so God damn entitled?

[Jazzgirl]

2. I had no choice but to buy a new car in June.

My car was 7 years old and I loved it. It ran like new and was really comfortable.....until that damn 18 wheeler ran me off the road. Insurance company totaled it so I had no choice. I really liked that car and no car note but now....I like the new one but sure didn't want the note.