NEWS
07/01/2016 04:49 EDT | Updated 07/02/2017 01:12 EDT

US auto sales expected to hit new record in first 6 months

DETROIT — U.S. auto sales are expected to set a record in the first six months of this year.

Sales through June were expected to be up 2 per cent over last year, according to Kelley Blue Book.

After six straight years of growth — and record sales of 17.5 million last year— U.S. sales are beginning to plateau. But low gas prices, low interest rates and other factors should keep them at a very high level.

June sales rebounded after a disappointing May. Sales were expected to rise 5.4 per cent to more than 1.5 million, according to the car buying site TrueCar.com.

Nissan's sales jumped 13 per cent to 140,553. Sales of its new Maxima sedan more than doubled over last year.

Other automakers report sales later Friday.