U.S. light-vehicle sales rose 14 percent in June, with major automakers posting some of their smallest gains of the year amid signs of sagging consumer confidence and a cloudier economic outlook.
Ford Motor Co.'s 13 percent advance from June 2009 was its smallest monthly increase since November. General Motors Co. recorded an 11 percent increase, its second-smallest in the year's first half. Industry sales on a seasonally adjusted annual basis were 11.1 million, the lowest since February.
"Recent economic news continues to point to a slow recovery with some volatility," Steve Carlisle, GM's vice president of global product planning, said today. "The recovery will be sluggish and continue to boost vehicle sales, albeit modestly."
Jim Lentz, president of Toyota Motor Sales U.S.A., said the entire industry struggled as weakening consumer confidence weighed on sales. His recall-plagued company was up 7 percent in June, its second straight month in that range after incentive-spurred sales surges in March and April.
American Honda's 6 percent gain was its first increase below double digits in five months.
The results show the challenge the industry will have in sustaining comparisons to 2009, when the weakest demand in nearly 30 years sent GM and Chrysler into bankruptcy. For the first six months of the year, U.S. light-vehicle sales were up 17 percent over 2009.