June Automobile Sales Set Strong Pace

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U.S. automobile sales continued at a strong pace in June, putting the industry on track for its highest-selling year since 2007, Bloomberg reported.

Sales ran at a 14.1 million seasonally adjusted annual rate, up from 13.8 million in May, Bloomberg said, citing Autodata Corp. figures.

Toyota Motor Corp. and Honda Motor Co. led the industry with June gains of 60% and 49%, respectively, Bloomberg reported.

Chrysler’s sales jumped 20% as the company posted its best June sales in five years, and Volkswagen AG is on track for its best U.S. sales year since 1973, the Associated Press reported.

General Motors Co.’s sales rose 16%, while Ford Motor Co.’s rose 7%. The two U.S. automakers’ fleet sales accounted for about a third of their sales.

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Class 8 truck demand strong in October

COLUMBUS, Ind. -- ACT Research has reported demand for Class 8 trucks reached a six-month high in October.

Class 8 net orders rose to 28,026 units in October, indicating 2011 will end on a strong note with production of about 250,000 Class 8 units on the year, setting the stage for a "robust" 2012.

"News from carriers is good," said Kenny Vieth, president and senior analyst at ACT. "Expectations for future freight and profitability are upbeat. Coupling truckers' positive outlook into 2012 and the better than consensus economic news supports demand levels that we are seeing in the Class 8 market."

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