U.S. auto sales are expected to drop 1.5% in June from a year earlier, as higher...
- U.S. auto sales are expected to drop 1.5% in June from a year earlier, as higher prices continue to keep buyers away, according to industry consultants J.D. Power and LMC Automotive.
Demand for new vehicles was affected by higher prices, outweighing the strong economy and record-high consumer sentiment that otherwise should have boosted auto sales growth. Average incentive spending per unit for the first six months, however, fell about $130 to $3,788, compared with a year earlier.
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