New-vehicle sales remain robust during July as the auto industry continues to track towards its best year in a decade despite the uncertainty created by the slow-growing U.S. economy.
Sales are expected to increase 2.6% year-over-year in July 2015, resulting in an estimated 17.1 million seasonally adjusted annual rate, according to estimates from Kelley Blue Book and J.D. Power.
“As the industry settles into the summer selling season, new-car sales are expected to remain consistent with last month’s numbers, representing modest and slowing growth versus last year,” said Alec Gutierrez, senior analyst for Kelley Blue Book. (more…)