The number of U.S. car sales is expected to increase in July and the main reason is the strength of the nation's economy. Car sales experts forecast that 1,519,576 new cars and trucks will be sold in July, which would be up 0.8% from the same month in 2015.
The forecast would put July as the best for that month since 1.8 million sales were registered in July 2005. July’s figures would also put full-year sales at 17.8 million. The car sales data will be released by the automakers next week. Car sales are considered to be a reliable indicator of strength of the U.S. economy. Customers are encouraged to take out loans for financing purchases of goods, including cars and trucks.
