U.S. Auto Sales on Pace for Gain Over Year Ago, Led by SUVs

Automakers reported on Wednesday that U.S. June auto sales remained strong in June as sport utility vehicles and trucks again outpaced cars amid moderately low gasoline prices. Industry consultant Kelley Blue Book said that while Ford Motor Co's sales rose only 2 percent, it showed the largest increase in the market in the average price of its vehicles. U.S. auto sales, often an early snapshot into consumer spending each month, are expected to rise about 5 percent for the industry. Truck and SUV sales will again grow at a faster pace than sedans, aided by the low gasoline prices.



wochit_business