Strong Retail Sales Indicate Strongest July Sales In Seven Years

Sales numbers for new cars could reach their highest July number since July, 2006, when 1,489,359 new vehicles were sold. According to Edmunds.com’s estimation, 1,328,397 are likely to be sold this July. Since fleet sales are low this July, the number indicates strong performance in private retail sales. Used car sales are also up from last month, and it is predicted that Toyota sales are likely to overcome Ford sales for the first time since March 2010.

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