Car shoppers in the United States are well on their way to buying over 17 million new cars and trucks in 2015. If that does indeed happen, it will be just the third time in history that milestone has been reached.
The June auto market slump in China could continue through the next few months. Some analysts are worried that the shift could damage the financials of GM and Ford, according to an interesting article from The Detroit News.
Just as China's stock market collapses, the country's passenger car association reports the first sales slump there in over two years. The fall is predicted to extend further into the second half of 2015.
If auto sales continue at their current and projected levels, more than 17 million new cars will be sold in 2015. And if that does indeed happen, it will be just the third time new-car sales in the United States will have hit that lofty peak.
The year 2015 appears to be picking up right where 2014 left off, with every single auto company that sells vehicles in the United States reporting gains when compared to the same period a year ago. Trucks were the biggest driving factor in the race for sales supremacy.