After the release of June car sales figures, the seasonally adjusted annualized sales rate came in at 15.98 million. It has been 66 months since the industry saw a sales rate that high-- 15.82 million in December 2007.
With the high rate for June sales, it appears that there will be another sales increase for 2013, making it four years straight. In fact, industry experts predict the sales increases to last through at least 2015. The last time the auto industry saw sales increases for more than 6 years straight was 1909-1917.
Among the highlights of the month include:
-The Detroit "Big 3" gained share in the first half of the year for the first time in 2 decades;
-Double digit increases for: Porsche, Subaru, Cadillac, and Dodge;
-Decreases for five brands: Smart, Mitsubishi, Lincoln, Kia, and Volvo;
-Mercedes-Benz has had its 44th straight month of sales increases;
-Honda posted a 10% sales increase for June 2013;
-Ford sales were up 13% in June, the best performance since 2006.
With sales rates for new vehicles on the rise, lemon law claims are also expected to rise. So, if you think you have a lemon new vehicle, then contact a lemon law attorney in your state. You can find one at www.USLemonLawyers.com.
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