Is Consumer Interest in Autos Waning?

- July 28, 2012

Automak­er reports on July sales, due out today, will indi­cat­ed U.S. con­sumer inter­est in buy­ing new cars and trucks in July is still brisk, but there are grow­ing con­cerns that indus­try sales will slow down as the year grinds on.

Read on to find out what most indus­try fore­cast­ers expect for July.

Automak­ers report July sales today, and most indus­try fore­cast­ers expect July to come in about 10% high­er than July 2011 even though the over­all U.S. econ­o­my has slowed and con­sumer con­fi­dence is falling.

For now, the indus­try is still enjoy­ing a slow, but steady sales rebound because peo­ple who held onto cars dur­ing the reces­sion are final­ly spring­ing for new mod­els.

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