New-car sales expected to be up again in July, despite higher interest rates

Analysts at Cox Automotive on Wednesday called for a 15.3% jump in new-car sales in July, saying it is shaping up to be another solid month for new cars as inventories improve.

Cox forecast July’s seasonally adjusted sales rate, or SAAR, to be near 15.9 million, compared with 15.7 million in June and 15.1 million in May.

“Sales have been…