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As Stock Market Zig Zags, June Auto Sales Grow, Especially at Ford

Stocks in this article: F GM HMC NSANY TM

"Edmunds.com analyst Jessica Caldwell said auto sales had strong momentum throughout the first half of 2013. "Within the last month we saw a slowing stock market and a stalled unemployment recovery, but the automotive market continues to shine through it all," Caldwell said, in a prepared statement.

For June, Kelley Blue Book estimated sales gains of 15% for Nissan (NSANY), 13% for Ford, 8% for Chrysler, 7% for Honda (HMC), 4% for Toyota (TM) and 1% for GM (F) with a 4% loss for Hyundai. Volkswagensales were flat.

Kelley Blue Book said that Nissan cut prices on seven models in May and that Hyundai "faces production capacity constraints and competition from newer product offerings from other manufacturers, especially in the mid-size car segment."

-- Written by Ted Reed in Charlotte, N.C.

>To contact the writer of this article, click here: Ted Reed

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