U.S. new vehicle sales seen rising in June

Newswire

By Michael Ellis DETROIT, June 26 (Reuters) - Cash rebates of up to $4,000 and low interest rates will help boost U.S. new car and truck sales in June by 1 to 2 percent above May's levels, analysts said. Sales of cars and light trucks are expected to range between a seasonally-adjusted annual rate of 16.3 million to 16.5 million in June, up from May's 16.1 million, according to a survey of analysts by Reuters. June sales, scheduled to be reported on July 2, could also top last June's ...

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