My inventory is pretty good right now although I can't get enough Civics.'Īuto makers will face a challenge to maintain their robust pricing as they push to add capacity to build more vehicles during the next several months. economy, said Adam Silverleib, vice president at Silko Honda in Raynham, Mass. 'There is demand out there' despite the uncertainty about the overall U.S. The average June incentive was $2,432 up a slight 1.5% from the same period last year. Average vehicle selling prices rose 2.9% in June from a year ago to $30,508, according to industry-research site. One reason industry executives are upbeat is that consumers are still willing to pay more for new vehicles. This profitable equilibrium could be upset by a sharper reversal in job and income growth, shocks from the European financial crisis, or by auto makers sliding back into old habits of overproducing vehicles, then discounting to move them off dealer lots. auto industry is operating in an unusual sweet spot, with production tracking more closely to demand than in the past, discounts in check and all the major players fielding competitive product lineups.Īdd low interest rates and pent-up demand from consumers driving cars that on average are more than 10 years old and industry executives say they remain optimistic despite anxiety about the broader U.S. The latest results indicate that the U.S.

total new-vehicle sales finished at a nearly 14.1 million annualized pace in June, according to researcher Autodata Corp. Chrysler led the way with a 20% increase, while GM sales rose 16% and Ford sold 7% more vehicles. But last month General Motors Co., Chrysler Group LLC and Ford Motor Co., continued to improve their sales compared to a year ago. Traditionally, such big Japanese gains often came at the expense of Detroit's auto makers. reported a 60% sales increase for the month while Honda Motor Co. on Tuesday said sales surged in June compared to an unusually weak year-ago period when supplies were disrupted by an earthquake and tsunami. The three leading Japanese auto makers in the U.S. last month and, unlike in years past, Detroit stuck with them by boosting sales in a market that for now appears to be defying the downdrafts threatening the broader economy. The Wall Street Journal - Japanese auto makers' sales roared back in the U.S.

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