Car Sales And The Financial Threat Of Incentives

July car sales will almost certainly be the best since the “Cars for Clunkers” period last September. Industry experts expect annualized figures to reach 11.8 million. That is still far below the 16 million vehicles that were sold in America in 2006, but automakers have fired enough people and closed enough plants to make money at lower production levels. Edmunds expects that last month’s sales will be 1,064,400 units, an 8.4% increase from July 2009 and an 8.9% increase from June 2010. Ford Motor F and Nissan are expected to do well. Chrysler and Toyota Motor TM are not. To read the rest, head over to 247WallStreet.com