Automotive Industry On Track For Most Sales Since 2007

Those tracking sales for Automakers got good news from July. This continues a positive trend that we noted recently ( http://www.dashboard-insights.com/2013/06/24/automotive-economic-indicators-show-promise/#more-). Strong sales now project to hit levels not seen since 2007. Many of the statistics have been reported all over, so we thought that we would highlight a few that we here at the Dashboard found most notable:

1.3 Million cars and trucks were sold in July 2013 - a 14% increase over July 2012. At the current pace, 15.8 million vehicles will be sold in 2013, the most since 16.1 million were sold in 2007. Every major automaker reported double digit gains for July 2013 sales compared to July 2012. Adjustments made by the U.S. Bureau of Economic Analysis to the Seasonally Adjusted Annual Rate (SAAR) for April increased SARR to 15.19 million (from 14.91) - April had been the only month of 2013 to have a SAAR under 15 million. In fact, the industry is optimistic that this is...