Latest News News

May Auto Sales Expected to Dip Slightly

Order Reprints

May 31, 2018—U.S. automobile sales are expected to decline 1 percent year-over-year in May, according to a report by the Reuters news service.

Retail sales of new vehicles in May were projected at 1.27 million units; the forecast was based on the first 17 selling days of May. Consumers are expected to spend $41.1 billion on new vehicles for the month, roughly $2.7 billion higher than last year, as prices rise.

The average new vehicle retail transaction price in May was $32,380, surpassing the prior May high of $31,188 set last year.

Both J.D. Powers and LMC Automotive consulted on the Reuters report.

Related Articles

Despite Sluggish Sales, Auto Dealers Optimistic

U.S. Auto Sales See Slight Uptick in Jan.

Vehicle Owners Loyal to OE Tire Fitments

You must login or register in order to post a comment.