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New Car Sales Expected To Rise In July

Jun 24, 2011

NADA Chief Economist, Paul Taylor predicts that new car and truck sales will increase over the second half of the year beginning in July as inventory levels increase and gasoline prices drop. If gas prices continue to fall, Mr. Taylor feels it will allow dealers to sell a full mix of new vehicles, ranging from small cars, crossovers to pickup trucks. The current lack of inventory of many popular selling models, resulting from the crisis in Japan, may impact June sales, much as it did in May, but the outlook for sales in July and beyond is positive as credit availability improves and lenders look to increase their loan volume.