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Optimism up but sales down: AIADA

November 15, 2010

Following the release of June 2009 sales figures, the American International Automobile Dealers Association, which represents over 11,000 import franchises, said its members so far this year account for 54.6 percent of all vehicles sold in the United States.

Overall sales, including domestics and unadjusted for business days, were down 27.7 percent compared to June 2008 and 35.1 percent year to date.

Analysts had predicted that June would be a turning point for the industry, forecasting that the seasonally adjusted annual sales rate would break the 10 million mark for the first time this year. Instead, the SAAR slipped from 9.9 million in May to 9.7 million.

"Auto dealers had (higher) hopes for June’s sales," said AIADA President Cody Lusk.