abc
QUICK LINKS:

US Auto Sales Sizzle in July, Helped by Discounts

Updated: 08/01/2014 2:22 PM
Created: 08/01/2014 10:15 AM WDIO.com

DETROIT (AP) - Auto sales have been sizzling this summer, helped by big discounts.

Toyota, Ford, Nissan and Chrysler are all reporting double-digit sales gains in July, compared to a year ago. Chrysler's U.S. sales jumped 20 percent over last July.

General Motors' sales were up 9 percent. Honda and Volkswagen saw declines.

Analysts say it could be the best July for the industry since 2006.

Automakers typically offer deals in the summer to clear out inventory before cars from the new model year arrive in the fall. But July's discounts were unusually high.

Incentives rose 8 percent over last July - or $216 per vehicle - according to the car shopping site Cars.com. Edmunds.com says 13.5 percent of new car loans in July had zero-percent financing, the highest level since December 2010.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Front Page

 

Winter Weather Advisory

MN AREAS AFFECTED: East Becker; East Marshall; East Otter Tail; East Polk; Hubbard; Kittson; Mahnomen; Norman; North Clearwater; Pennington; Red Lake; South Beltrami; South Clearwater; Wadena; West Becker; West Marshall; West Polk
Expires: 11/28/2014 12:00 PM

Winter Weather Advisory

MN AREAS AFFECTED: Crow Wing; North Cass; Northern Aitkin; Pine; South Aitkin; South Cass
Expires: 11/28/2014 4:00 PM

Lake Effect Snow Warning

WI AREAS AFFECTED: Ashland; Iron
Expires: 11/27/2014 12:00 PM

Winter Weather Advisory

WI AREAS AFFECTED: Burnett
Expires: 11/28/2014 4:00 PM

Advertisement
Advertisement
Advertisement
Advertisement