The annualized rate of car sales failed to hit the magical, hoped-for number of 10 million in June, but a couple of positive signs have come emerged in June, according to an analysis of June sales by Edmunds.com . The time it takes for new vehicles to sell dropped from May to June as did the incentive spending needed to move the metal.

By Bill Visnic With several industry consultants and analysts predicting U.S. auto sales would exceed a 10-million-unit Seasonally Adjusted Annualized Rate in June – a much-anticipated watershed many believed would signal slumping auto sales are beginning a consistent recovery – the real numbers didn't quite match the optimistic projections. Instead, June's SAAR not only failed to hit the 10-million mark, the 9.66-million final tally even regressed from May's figure, according to data analysts at Edmunds.com . One likely (but unintentional) culprit: the new “Cash-for-Clunkers” legislation signed by President Obama on June 24.

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Industry Fails to Climb Back to 10-Million SAAR; Culprit Likely Cash For Clunkers

Automakers selling vehicles in the U.S. report their June sales Wednesday, and the results are expected to show some stabilization in the business or at least a slowing of the decline. The Seasonally Adjusted Annualized Rate (SAAR) is expected to come in at its highest level so far this year and could touch 10 million vehicles, according to a forecast by Edmunds.com , parent of AutoObserver.com.

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June Car Sales Expected to Show Some Stabilization