Now that June is coming to a close, the number of new-car sales for the month is starting to come into focus. According to Kelley Blue Book, the auto industry will see an increase of more than 6 percent in sales for the month compared to June 2012, with more than 1.363 million models sold.
"We've had a strong first half of the year with new-car sales up nearly 7 percent compared to the first half of last year," said Alec Gutierrez, an analyst for Kelley Blue Book. "The industry continues to benefit from modest improvements in housing, unemployment and consumer confidence."
To go along with the uptick in sales, the cost of new cars are also going up. June 2013 will have an average transaction price of $28,900, which is the highest ever for the summer month. While this is good news for the industry, it's not as great for drivers who may be on a budget. Instead of investing in a new car, these motorists may have to look around for the best auto repair or vehicle maintenance possible, so as to extend the life of a car.