US auto sales stalled in June amid fears that the fragile economic recovery is sputtering, industry data showed Thursday."We've talked a lot about recovery but it doesn't seem to be going in that direction," said Jessica Caldwell, a senior industry analyst at Edmunds.com"Consumers are waiting for a deal, otherwise they don't want to buy."
Car sales in Europe dropped by 18.6 percent in July and 12.9 percent in August on 12-month comparisons, official data from the European Automobile Manufacturers Association showed on Thursday.August was the fifth straight month of declining sales as many European countries wind down their cash-for-clunkers programmes launched last year to prop up the ailing auto market during the global economic crisis.Sales fell 7.4 percent in April, 9.3 percent in May and 6.9 percent in June.
Most automakers saw their U.S. sales drop in June, a sign that this year's slow recovery in the industry may be stalling. Sales of new cars and trucks for GM, Ford, Toyota and Chrysler fell between 12 and 14 percent from May to June. Nissan, Subaru and Honda were also down, but Hyundai bucked the trend with a slight gain.