Wednesday, July 6
Sales of U.S.-made cars and light trucks in June are expected to have totaled 12.4 million units, at an annual rate, according to the median forecast of economists surveyed by MMS International, a unit of McGraw-Hill Inc. That pace would be below May's 12.6 million rate, which was less than the 13.1 million April pace. Cars likely sold at a rate of 7 million, about the same as in May, while the pace of light truck sales probably dipped to 5.4 million from 5.5 million in May. Some of the slowdown in car buying since the March peak of 13.5 million reflects low inventories of popular models. That's especially true for certain sports utility vehicles, passenger vans, and pickups.