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Business
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Title: Summer Deals Lure Car Buyers In July For Best Sales Month So Far This Year
Source: ASSOCIATED PRESS
URL Source: http://www.canadianbusiness.com/mar ... /article.jsp?content=D9HBHCA81
Published: Aug 2, 2010
Author: ASSOCIATED PRESS
Post Date: 2010-08-02 15:48:01 by Brian S
Keywords: None
Views: 1624
Comments: 5

DETROIT (AP) - U.S. car buyers were back in the market last month.

Analysts are expecting July to be the best month for U.S. auto sales since last August, when Cash for Clunkers caused a sales boom. They say July's model-year clearance sales helped bring out buyers after lackluster sales earlier this summer.

Edmunds.com predicts July sales were up 8 percent from the same month last year and up 9 percent from June.

Analysts say shoppers were looking for bargains. Chrysler was offering to make buyers' first two months' payments in July, while Toyota started its usual summer clearance sale a month early.

But the good times may not last.

Automakers are trying to hold the line on deals, which cut into profits. TrueCar.com says incentive spending was down 4 percent compared with last July.

And buyers still have a lot of uncertainty about the economy and employment.

J.D. Power is lowering its forecast for full-year U.S. sales by 100,000 vehicles to 11.7 million.

Automakers report July sales on Tuesday.

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#1. To: Brian S (#0) (Edited)

The new car in the WAR household is an EX35 AWD Journey...list $40K actual retail px $34.5k w/all options. Purchased 7/17.

war  posted on  2010-08-02   15:58:14 ET  Reply   Trace   Private Reply  


#2. To: war (#1)

The new car in the WAR household is an EX35 AWD Journey...list $40K actual retail px $34.5k w/all options. Purchased 7/17.

Congrats War. Put some pics up.

Being a Democratic shill means you check your humanity at the door.

Nebuchadnezzar  posted on  2010-08-02   17:31:06 ET  Reply   Trace   Private Reply  


#3. To: Nebuchadnezzar (#2) (Edited)

war  posted on  2010-08-03   7:56:07 ET  (1 image) Reply   Trace   Private Reply  


#4. To: war (#3)

Very good. Keep it in good shape. Nothing like a new car to make one appreciate living in this country.

Being a Democratic shill means you check your humanity at the door.

Nebuchadnezzar  posted on  2010-08-03   12:25:22 ET  Reply   Trace   Private Reply  


#5. To: Nebuchadnezzar (#4)

It's a nice ride...

war  posted on  2010-08-03   12:47:37 ET  Reply   Trace   Private Reply  


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