Money Matters - Simplified

serious slump

Auto sales slowed in June

Detroit -- Autodata Corp. said U.S. new vehicle sales dropped in June from May, although sales were still higher than June 2009, when sales were in a serious slump.

General Motors Corp. sales rose 11.9 percent from a year ago, while Ford Motor Co. sales were up 13.4 percent from June 2009.

Chrysler LLC sales rose 35.4 percent from a year ago with 92,482 cars and light trucks sold in the month, compared with 68,297 a year ago.

American Honda Motor Co. sales from a year ago rose 6.2 percent, while Nissan North America sales rose 10.8 percent. Toyota Motor Sales U.S.A. reported sales of 140,604, up from 131,654 in June 2009.

But sales fell from May to June, The New York Times reported.