Chrysler exec predicts stronger second-half sales
Chrysler's top sales executive says U.S. auto sales will slow a bit in June from the pace earlier this year, but he expects a rebound in the second half of 2012.
Reid Bigland, head of sales for Chrysler and CEO of Dodge, also expects a strong June for his company, with an increase of around 18 percent as long as Chrysler does well in the final days of the month. All automakers report June U.S. sales on July 3.
Auto sales have been a bright spot in the economy. They were running at an annual pace of around 14.5 million from January through April. But in May, the rate slowed to 13.8 million, which companies and analysts blamed on a slight rise in unemployment, stock market gyrations and falling consumer confidence. Many analysts predict that June sales will come in at an annual pace below 14 million for the second-straight month.