USA: 0% finance drives strong vehicle sales in July - JD Power
A return by automakers to aggressive use of zero-percent financing is driving sales of US light vehicles through the second week in July to a near-record pace, according to JD Power and Associates. Total new light-vehicle sales in July are projected by JD Power to hit an 18.1 million-unit seasonally adjusted annualised rate (SAAR) -- up from June's 16.5 million SAAR -- based on Power Information Network (PIN) retail sales data from the first two weeks of the month. Light-vehicle sales in July 2001 came in at a 16.5 million SAAR. Actual units sold in July are expected to reach 1.525 million.
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