Total domestic auto sales for June were up 14 percent over the previous year and the Big Three American automakers all showed double digit gains, but analysts are still calling June sales a disappointment compared to expectations. Automotive News notes that the gains for Ford, GM and Chrysler were “some of their smallest gains of the year” and blames the poor performance on sagging consumer confidence.
Ford Motor Co.’s 13 percent advance from June 2009 was its smallest monthly increase since November. General Motors Co. recorded an 11 percent increase, its second-smallest in the year’s first half. Industry sales on a seasonally adjusted annual basis were 11.1 million, the lowest since February.
“Recent economic news continues to point to a slow recovery with some volatility,” Steve Carlisle, GM’s vice president of global product planning, said today. “The recovery will be sluggish and continue to boost vehicle sales, albeit modestly.”
The bright spot was Chrysler, which posted a 35 percent increase over the same month in 2009. And overall, sales are still up 17 percent for the year so far. That may be below expectations, but it’s still fairly good news for an industry that has been reeling in recent years.