Nissan, Ford, Fiat Chrysler and American Honda rode strong demand for trucks in posting solid U.S. sales gains for June with the industry forecast to rebound from a May slump.
Nissan Motor Corp. -- behind record crossover, truck and SUV deliveries -- recorded a 13 percent rise. Fiat Chrysler extended its streak of monthly advances to 75, while Ford volume increased 6.4 percent. General Motors deliveries fell for the fourth time this year, down 1.6 percent. Automakers and analysts are counting on historically low interest rates, stable fuel prices, rising wages and near-full employment to counter some headwinds and drive strong auto sales in the second half of the year. “In spite of some severe stock market volatility in June, the American consumer stayed focus on buying new vehicles,” Reid Bigland, senior vice president of sales for FCA North America, said in a statement. At the Nissan brand, volume rose 13 percent to 129,495 vehicles, setting a June record. Infiniti sales rose 11 percent to 11,058 cars and light trucks. more ...
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