June: 6th Double-Digit Increase in Car Sales

Auto sales increased in June by 14.4% compared to June last year, marking the sixth straight month of a double-digit percentange gain.

From the Detroit News, “All major automakers posted sales gains last month — sales were up at 11.9% at GM, 13.4% at Ford and 35.4% at Chrysler — and most also held their market share steady, with a few exceptions.”

Also, as I reported yesterday, rail shipments of motor vehicles and equipment were up by 55.2 percent last week compared to the same month last year.

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About Mark J. Perry 262 Articles

Affiliation: University of Michigan

Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.

He holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University in Washington, D.C. and an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota.

Since 1997, Professor Perry has been a member of the Board of Scholars for the Mackinac Center for Public Policy, a nonpartisan research and public policy institute in Michigan.

Visit: Carpe Diem

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