Wednesday
October
22
2014
6:39 pm
Weather

  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 

Check out our archive of Dining Guides - Yum!

US auto sales sizzle in July, helped by discounts
August 01, 2014, 05:00 AM The Associated Press

DETROIT — Big discounts helped keep U.S. auto sales sizzling in July.

General Motors, Ford, Nissan and Chrysler all reported big gains as the major automakers reported July sales Friday.

Industry sales were expected to rise 5 percent to 1.4 million, according to J.D. Power and Associates. That would make it the best July for the industry since 2006.

Generous summer discounts helped boost sales, said Jesse Toprak, the chief analyst at the car shopping site Cars.com. Toprak said the average price buyers paid fell 4 percent in July, while incentives were up 8 percent — or $216 per vehicle — over last July.

Automakers typically use summer discounts to clear out their lots before vehicles from the new model year start arriving in the fall.

According to Toprak, incentives averaged $2,774 per vehicle, their highest level since August 2010. He said Ford, Hyundai, Kia, Toyota and Volkswagen boosted incentives the most.

Chrysler's U.S. sales jumped 20 percent for the month on strong demand for the Ram pickup, while Ford's were up 10 percent on big gains for the Escape and Explorer SUVs.

GM's sales rose 9 percent on strong demand for its new large SUVs.

Nissan's sales rose 11 percent. Sales of the electric Leaf increased 62 percent to 3,019, a record July for the car. The car went on sale in 2010.

 

 

Tags: percent, sales, incentives, discounts, toprak,


Other stories from today:

House GOP weighs new border bill to break logjam
US auto sales sizzle in July, helped by discounts
62 killed in Gaza; Israeli soldier feared captured
 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
  


 
 
 
Daily Journal Quick Poll
 
What do you think of the proposal to charge a toll for walkers and bikers on the Golden Gate Bridge?

It's good, why should they get to cross it free?
Don't care
A terrible idea
What's next? Charging us to look at it?

 

 
 
 
 
 
 
Giants fans be wary, man robbed of World Series tickets worth $1,000
With the World Series hot on San Francisco Giants’ fans minds, police are reminding people to be w..
Two dead in shooting attack at Canada's Parliament
OTTAWA, Ontario — A gunman with a scarf over his face shot to death a Canadian soldier standin..
US to track everyone coming from Ebola nations
WASHINGTON — Stepping up their vigilance against Ebola, federal authorities said Wednesday that ev..
Government ups air bag warning to 7.8M vehicles
DETROIT — The U.S. government is telling 3 million more car owners to get their air bags repaired ..
Turkish president says US airdrop to Kurds in Kobani a mistake
ISTANBUL — Turkish President Recep Tayyip Erdogan says that the U.S. made a mistake in airdropping..
More >>  
 
 
  
 
  
 
©2014 San Mateo Daily Journal
San Mateo County DBA