As the car industry awaits the sales reports of automakers, analysts said they are expecting a 14% to 16% rise in automobile sales for July. They explained that the demand will be partly fueled by better performance in the housing market. Easy access to credit and the need for consumers to replace their older cars also enabled the automobile industry to perform better than other sectors. In June, the sales rate was 16 million. Analysts said that the July performance will not be far behind, predicting that the sales rate will reach 15.8 million vehicles. Monthly sales are used as an important and early indicator of the state of the US economy.
One of the most optimistic is a car dealer named Gary Brown. He said newer cars equipped with improved technology are luring buyers. He is even hiring more people. "We're still on fire. We're going to be up over June and we're going to beat last year by 10, 12 percent or so. There's a lot of demand in the market place," he said.
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