All through the month of June, car news and commentary was saturated with talking heads claiming that auto sales would see a downturn this month, and the soaring sales could not continue.

Needless to say, those commentators will be eating a mighty helping of crow this week as auto makers are reporting continued growth across the board. Chrysler had a 20 percent sales increase in June, making it their best June since 2007. General Motors saw a 16 percent increase, Ford had a 7 percent increase, and Toyota had a stunning 60 percent increase, coming back from the 2011 natural disasters in Japan.

The conditions are perfect for this trend to continue as the summer weather compels people to the road for vacation, convenience for work, or an old-fashioned drive in the country. Also, interest rates are dropping with an average of 4.5 percent interest rate on a 60-month new car loan, so more consumers can afford to drive.

Have you gotten into a new or used car yet? Approved Loan Store wants to help you get into a new car this summer! Fill out our secure online auto loan application here, and keep up with the latest auto and consumer news from Approved Loan Store by liking Approved Loan Store on Facebook, following Approved Loan Store on Twitter, and subscribing to Approved Loan Store on YouTube.

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