So much for the rumor mill!  As I indicated Tuesday, the financial media reports were all speculating that heavy incentives lifted U.S. light vehicle sales in the month of June.  But when the numbers were all tallied, the industry ended down 3.1% to 1.45 million units (according to Ward's Automotive.)

But when you dig beneath the numbers and listen to the conference calls, it still did not sound like a bad month or quarter for auto retailers. . . 

"And by the way, what a great month for Ford Motor Company.  I gotta tell you.  The month of June with the Power IQS (initial quality survey) ratings, and the strong showing in J.D. Powers appeal, and now the continuation ...

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