JD Power sees June auto sales up 2.6 percent from May

J.D. Power and Associates forecast that June U.S. auto sales will rise 8 percent from a year ago and 2.6 percent from last month, in line with statements earlier this week from General Motors Co (GM.N) and Ford Motor Co (F.N) executives.

The industry consultant and analyst dropped its forecast for full-year 2011 sales to 12.9 million vehicles from 13 million vehicles, as J.D. Power said there was greater uncertainty about the overall U.S. economy for the rest of the year.

Pickup trucks and compact cars each will show a larger portion of overall sales in June from May, it said.

"There has been some easing of negative variables in June, as the inventory shortage has not been as severe as expected, and gas (gasoline) prices have dropped noticeably from higher levels in April and May," said Jeff Schuster, executive director of global forecasting for J.D. Power and Associates.

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- Posted: 2011-06-24 11:21:35

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