Updated: 02-Jun-17 10:04 ET
|Updated: 02-Jun-17 10:04 ET
- U.S. light vehicle sales were at a seasonally adjusted annual rate (SAAR) of 16.66 million units in May versus a SAAR of 16.88 million units for April. The May run rate was 3.0% below the SAAR of 17.17 million units for May 2016.
- Total domestic sales decreased to 13.05 million SAAR from 13.28 million SAAR in April.
- On a seasonally adjusted basis, domestic auto sales decreased 3.8% in May to a SAAR of 4.52 million. The sales rate was 11.4% below the year-ago period.
- Domestic truck sales decreased 0.6% to 8.53 million SAAR in May from 8.58 million SAAR in April. The sales rate was 1.8% above the year-ago period.
- General Motors sales were down 1.3% year-over-year.
- Ford sales were up 2.3% year-over-year.
- Fiat Chrysler sales were down 0.7% year-over-year.
- BMW of North America sales were down 11.1% year-over-year.
- Toyota sales were down 0.5% year-over-year.
- Honda Motor sales were up 0.9% year-over-year.
- Nissan North America sales were up 3.0% year-over-year.
- Hyundai-Kia sales were down 11.5% year-over-year.
- Subaru sales were up 12.1% year-over-year.
- Volkswagen Group of America sales were up 3.9% year-over-year.
- May was the third straight month that the seasonally adjusted annual sales rate (SAAR) has been below 17.0 million
- Concerns about a downturn in industry sales are being driven by an increase in incentive spending to move units and a J.D. Power and Associates report, according to an Automotive News article, that showed the industry's average inventories jumped above 70 days in May for the first time since 2009
- According to ALG estimates cited by Automotive News, incentive spending averaged $3,435 in May, up 9.5% from the same period a year ago
|Domestic Light Vehicles
| Light Trucks
|Total Light Vehicles (incl imports)