The Car and Truck Fleet and Leasing Management Magazine

Vehicle Sales Soar in Early June

June 20, 2002

U.S. light-vehicle sales have returned to the blistering pace set earlier in the year, according to the latest survey by J.D. Power and Associates. Sales had dropped in May, but have returned to a seasonally adjusted annualized rate (SAAR) of 17 million, an improvement to the SAAR rate of 15.6 million projected in May.Robert Schnorbus, chief economist at J.D. Power, said, “We saw a slight drop in sales last month, which we anticipated would happen when the automakers started to cut back on incentives. We expected sales would improve this month, with General Motors and others responding to May’s slump with a return to more aggressive incentive programs. Still, we’ve been pleasantly surprised by June’s performance so far.”At the segment level, according to the J.D. Power report, SUVs, luxury cars, and compact cars continue to have strong sales. Sports, midsize, and full-size cars continue to slump. Asian manufacturers are showing the largest gains over last year this month, with European makers showing modest gains. Sales averages for the U.S. Big 3 are down from last year’s levels.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All
Sponsored by

First enacted by Congress in 1975, the purpose of CAFE (Corporate Average Fuel Economy)  is to reduce energy consumption by increasing the fuel economy of cars and light trucks.

Read more

Up Next

More From The World's Largest Fleet Publisher