Vehicle Sales Down Again in June

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Total vehicle sales were down again in June:

The Wall Street Journal says this is because of a “newfound discipline” among domestic automakers, who now resist the urge to dump excess cars on rental car companies at cut-rate prices. Maybe so. But dealer inventories are rising, and the reason fleet sales are declining in the first place is because rental companies are wary of depressed resale prices. Either way, vehicle sales are now at their lowest level since the beginning of 2014. Hum de hum.

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FACT:

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Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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