Due to growing concern about economy, analysts predict that auto sales in the US in June will slow down.
“Uncertainty in the financial markets brought selling rates below 14 million units for the second month in a row,” said Jesse Toprak, vice president of market intelligence for automotive research site TrueCar.com. “We expect second half of 2012 to average around 14.5 million units, which will take us to over 15 million new cars sold in 2013.”
TrueCar estimates sales of new light vehicles will reach 1.2 million units, up 18.1% from last year’s June but down 6.9% from May 2012. Edmunds expects 1.3 million new cars to be sold in June, which would be an increase of 20.7% from June 2011, but a drop of 4.7% from May 2012.
Mark Fields, Ford Motor Co. President of the Americas, said that because of a ‘mixed’ economy sales in June are likely to be the same as in May, with the June selling rate in the high 13 million range. Ford’s sales are boosted by the Ford Escape, which saw strong sales even ahead of its advertising campaign which will begin in about two weeks.