Auto News for July 1

Automakers will be release June sales figures today and the numbers are expected to be robust, according to analysts. Some predict the strongest sales in ten years but others believe sales will flatten out a bit later this summer. Check back right here later today for the official results.

We are spending more to acquire new wheels. The average transaction price for light vehicles hit $33,340 last month, an increase of $821 from June of 2014, according to Kelley Blue Book. Ford showed the strongest gains driven largely by its F-150 pickup with transaction prices up 6.6 percent.


Toyota claims that its Mirai hydrogen fuel cell electric car will be the only zero emission electric on the market that tops the 300 mile range milestone. It creates electricity on demand using hydrogen, oxygen and a fuel cell, and emits nothing but water vapor. When the Mirai hits dealerships in California this fall it will sport an EPA estimated driving range of 312 miles on a single fill of hydrogen.

Toyota has accepted the resignation of its top female executive after she was arrested in Japan for allegedly violating that nation’s drug laws. Julie Hamp was arrested last month after police said she tried to import oxycodone in a package containing jewelry. Authorities say she has denied that she tried to import an illegal substance.


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