The pace of U.S. auto sales probably stalled for a second straight month in June as the labor market stumbled and confidence waned, leading analysts at Citigroup Inc. and Deutsche Bank AG to lower estimates for demand in 2013.
Light-vehicle sales in June, set for release today, may have run at a 13.8 million seasonally adjusted annualized rate, the average estimate of 15 analysts surveyed by Bloomberg. That average estimate matches May’s rate, the year’s first month to dip below 14 million, and trails the 14.5 million pace in the first four months of 2012.
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