Excellent Auto Sales For Second Quarter

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Carmakers posting great sales numbers for the second quarter and for the first half of the year. GM sales up 40% in the quarter, 20% in the first half. Toyota’s first half sales were up 44%. While inventories are declining, Jessica Caldwell of Edmunds.com says carmakers are making the most of the vehicles they have.

“That is basically the key, getting inventory in to the right places, making it easier for dealers to swap vehicles, and making sure that regionally you have the right vehicles.”

While sales were expected to tail off a bit in June, some carmakers are reporting strong performances. It was a record June for both Hyundai and Kia.