The annualized rate of car sales failed to hit the magical, hoped-for number of 10 million in June, but a couple of positive signs have come emerged in June, according to an analysis of June sales by Edmunds.com.
The time it takes for new vehicles to sell dropped from May to June as did the incentive spending needed to move the metal.
The days-to-turn -- that is the number of days between a vehicle being delivered to the dealership to the time a buyer drives it away -- dipped to its second lowest level this year at 93 days. Still, the days-to-turn was 28 days higher this June compared with last.
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