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Wednesday, 3 August 2011

Auto sales rise slightly on crossover, small car demand despite tight inventory

Ar-110809965
U.S. auto sales rose 1 percent in July as demand for crossovers and small, fuel-efficient vehicles was enough to overcome sharp declines at earthquake-hampered Honda and Toyota.

Every other major automaker advanced, led by Volkswagen AG and Chrysler Group. The seasonally adjusted annual sales rate for July – calculated using revised data from the U.S. Bureau of Economic Analysis -- was 12.24 million units, the highest mark since April. Vcommindia News

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