June: 6th Double-Digit Increase in Car Sales

Auto sales increased in June by 14.4% compared to June last year, marking the sixth straight month of a double-digit percentage gain.

From the Detroit News, "All major automakers posted sales gains last month -- sales were up at 11.9% at GM, 13.4% at Ford and 35.4% at Chrysler -- and most also held their market share steady, with a few exceptions."

Also, as I reported yesterday, rail shipments of motor vehicles and equipment were up by 55.2 percent last week compared to the same month last year.