U.S. New Car Registrations up 7 pct in June image

Even if the economy is not very “ok” new car registrations in June in the United States continued to grow, with all three of the biggest automakers reporting gains as pent-up demand was stimulated by favorable buying conditions.

Chrysler, Ford and General Motors sold an accumulated 601,320 vehicles last month, up 14% from June 2011.

General Motors remains the No.1 – said its U.S. sales rose 16 percent in June on solid demand for small and midsize cars.

Ford Motor Co.’s June U.S. sales rose 7% from a year earlier and Toyota Motor Corp.continued its recovery from last year’s production problems, notching a 60% June rise in its U.S. sales.
Deliveries rose 20 percent for Chrysler and 28 percent for Nissan Motor Co.

Early indications suggest sales of new vehicles returned to an annualized pace of at least 14 million last month after falling to 13.8 million in May. The results outshined most forecasts, which had sales at May’s slower pace because of the concerns over the economy.

Manufacturers seem to have maintained healthy sales without resorting to heavy discounts and other incentives. Automakers spent an average of $2,187 on incentives per vehicle during June, according to the site, Edmunds.com.

The following are U.S. auto sales results for June reported so far on Tuesday by top-selling automakers.