Toyota Could Overtake GM in US Sales in June

July 1, 2008 6:50:09 AM PDT
June could be the month that Toyota overtakes General Motors in monthly U.S. sales. We'll find out today as the automakers release their sales figures for the month.

Industrywide, analysts are predicting another double-digit dip in sales, in large part because buyers are avoiding big vehicles due to the soaring price of gasoline.

J.D. Power and Associates predicts the annualized sales rate for June could be 12.5 million vehicles, which would be the lowest monthly rate since 1992.

An analyst predicts June sales will be down 13 percent -- to 1.26 million, or an annual rate of 14.9 million.