US auto sales surge 5% in July - NWAOnline
DETROIT -- New vehicle sales rose 6. 4 percent in July for General Motors, 6 percent for Fiat Chrysler Automobiles and 5 percent for Ford as low interest rates, falling gasoline prices and an improving job market kept showroom traffic brisk. July sales rose 5 percent to more than 1. 5 million vehicles, according to Autodata Corp. Sales of Nissan's new Rogue jumped 51 percent, while sales of GM's Buick Encore jumped 68 percent. Sales of midsize sedans have been struggling as Americans pass them over for small SUVs, so automakers enticed buyers with zero-percent financing deals on the Toyota Camry, Ford Fusion, Nissan Altima and other sedans. Altima sales rose 27 percent and set a new July record. Luxury brands made up 11. 5 percent of vehicles purchased so far this year, up from 10. 2 percent three years ago, according to TrueCar. Audi saw its best July ever in the U. S. , with sales up 21 percent to more than 17,500 cars and SUVs. Lincoln's sales jumped 21 percent. Dominique said Millennials are now leasing luxury cars at a higher rate than other generations. Source: www.nwaonline.com
