June auto sales fall but trucks poised for growth
Jul 02, 2010 | 11:32 AM
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Deliveries of cars and trucks by the top seven automakers in the United States fell 11.9 percent last month from May following a 13.6-percent jump from April, according to an AMM analysis.
Sales by the top seven brands totaled 826,763 vehicles in June, down from 938,348 in May but 13.5 percent higher than 728,378 in June last year. Sales in the first half of the year climbed 16 percent to nearly 4.73 million vehicles from 4.07 million in 2009.
General Motors Co.'s top U.S. sales executive expects the economic recovery will continue to be sluggish—he cited the government's recent downward revision of first-quarter gross domestic product growth to 2.7 percent from 3.0 percent—and said other economic news "points to a slow recovery with some volatility in it."....
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