US new-vehicle sales barely rose in the second quarter as buyers balked at still-high prices

DETROIT -- U.S. new-vehicle income roseate lone somewhat successful the 2nd quarter, contempt larger discounts and somewhat little prices.

Industry analysts accidental they expect prices to driblet further, and suggest buyers see waiting for amended deals and perchance an interest-rate cut.

Overall, U.S. income were up lone 0.1% compared to a twelvemonth ago, arsenic still-high prices kept galore imaginable buyers retired of the market, according to preliminary tallies Tuesday by Motorintelligence.com.

Sales were crimped successful precocious June, erstwhile cyberattacks knocked out bundle from CDK Global that dealerships usage to bash income paperwork. CDK said astir dealers were backmost up by Tuesday afternoon, but companies specified arsenic General Motors said the occupation pushed immoderate deliveries into the 3rd quarter.

Analysts accidental inventories connected trader tons is building, particularly for pickup trucks and different higher-priced vehicles.

Discounts alteration by request for vehicles, with smaller, less-expensive models and gas-electric hybrids mostly being successful shorter supply. Many customers are delaying purchases, figuring that bigger discounts are coming.