Automakers such as Chrysler, Ford and General Motors have sold 601,320 vehicles in June, up 14 percent, from last year
According to reports being published by TrueCar, which tracks auto industry data, automakers are determined to end the year with 14.4 million vehicles sold.
"The consumers, who held back from buying cars during the Great Recession, are heading back to car dealerships. Automakers are still benefiting from that pent up demand," said Kristen Anderson, Senior Analyst in TrueCar. "Also contributing to that growth is the Federal Reserve, which keeps interest rates low and makes car loans more attractive."
The largest chunk of June's profit went to Chrysler. The car company reported a 20 percent profit jump in auto sales with 144,811 vehicles sold in June. This marks Chrysler's best sales in June since 2007. Sitting in second is GM. Sales of the company's vehicle grew by 16 percent with 248,750 vehicles sold.
"June showed the highest monthly sales since 2008, when gas prices skyrocketed and it auto sales plummeted," said General Motors in a press release.
Japanese automaker Toyota was beaten by all three U.S. car companies, but still saw a sales increase with 177,795 vehicles sold in June, that's up more than 60 percent from June 2011.
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