Newspaper article THE JOURNAL RECORD

Domestic Auto Sales Up 12.8% in Mid-June

Newspaper article THE JOURNAL RECORD

Domestic Auto Sales Up 12.8% in Mid-June

Article excerpt

DETROIT (AP) - Sales of domestic-made cars and light trucks rose 12.8 percent in mid-June from a year ago, resuming 1988's robust pace after a brief lapse earlier in the month, automakers reported Thursday.

Domestic car sales were up 11.9 percent and domestic light truck sales gained by 14.3 percent from mid-June 1987. The sales rate picked up considerably from early June, industry analysts said.

In the eight selling days from June 11-20, automakers sold 222,262 domestic cars and 127,195 domestic light trucks, up from 223,376 cars and 125,193 trucks in nine days a year ago.

The two periods are compared on the basis of sales per day rather than total sales during the period.

``It's certainly a marked improvement over the first 10 days of June,'' said Chris Cedergren, analyst with J.D. Power and Associates in Agoura Hills, Calif.

Cedergren said the strong mid-month sales mean that the early June lag wasn't a sign of a longer-term slowdown.

Meanwhile, the National Automobile Dealers Association released an updated 1988 U.S. sales forecast of 15.2 million cars and light trucks, imported and domestic.

The projection is similar to others, including Ford Motor Co.'s current 15.6 million forecast which unlike the NADA forecast includes several hundred thousand heavy trucks.

NADA spokeswoman Jennifer Hunt said group based its decision to increase its forecast from 14.7 million vehicles on current sales trends and a quarterly survey of dealer attitudes that found the highest level of optimism in three years.

Mid-June domestic car sales rose from a year ago for all makers except Volkswagen, which shutters its only U. …

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