Last week, auto biggies reported second-quarter US vehicle sales numbers. Most automakers experienced year-over-year sales growth, thanks to improving inventory levels. The demand for automobiles remains strong, indicating that the rise in interest rates has not yet significantly affected purchasing decisions.
U.S. auto giant General Motors successfully retained its position as the largest automaker in the country during the January-June period. Close peer Ford continued its hot streak as America’s #1 brand for six consecutive months this year, driven by the success of its trucks, electric vehicles, and new vehicle introductions. Germany-based auto biggie Volkswagen hit the gas pedal on its autonomous future, kicking off trials in Austin.
Last, but not the least, Italian American automaker Stellantis ruled last week’s headlines with several updates. Revolutionizing the EV market, the company unveiled the 600e SUV— a blend of classic charm and cutting-edge technology.
This post originally appeared at 24/7 Wall St.