An Archive of News and Developments
Auto sales in June 2011 remained positive. This month has seen strong growth in the two-wheeler segment. However, the impact of higher interest rates and fuel prices has been evident in the passenger car segment, which has seen a significant decline in its growth rate.
Light vehicle sales in the U.S. rose a by 2.4% to a seasonally adjusted annualized rate of 11.41 million vehicles in June when compared to 11.14 million vehicles in the same month last year. It came down from the seasonally adjusted annual rate of 11.8 million in May, the slowest since June 2010. Total sales inched up 7.1% to 1.05 million vehicles during the month.
US automakers sales:
Together, GM, Ford and Chrysler achieved a market share of 50.1% last month.