by Bill McBride on 5/26/2016 01:40:00 PM
Thursday, May 26, 2016
The automakers will report May vehicle sales on Wednesday, June 1st.
Note: There were 24 selling days in May, down from 26 in May 2015.
From WardsAuto: May Forecast Calls for Improved Sales, Days’ Supply
WardsAuto forecast calls for U.S. automakers to deliver 1.52 million light vehicles in May.From Kelley Blue Book: Despite Memorial Day Sales, New-car Sales To Decrease 6 Percent In May 2016, According To Kelley Blue Book
The forecast daily sales rate of 63,443 units over 24 days represents a 1.3% improvement from like-2015 (26 days), while total volume for the month would fall 6.5% from year-ago. The 14.4% DSR increase from April (27 days) is ahead of the 7-year average 8% growth.
The report puts the seasonally adjusted annual rate of sales for the month at 17.3 million units, slightly above the 17.1 million SAAR from the first four months of the year, but below the 17.6 million SAAR reached in May 2015.
New-vehicle sales are expected to decrease 6 percent year-over-year to a total of 1.53 million units in May 2016, resulting in an estimated 17.4 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book ...And from J.D. Power: Memorial Day Weekend Is Key to May’s New-Vehicle Retail Sales
The SAAR for total sales is projected at 17.4 million units in May 2016, down from 17.7 million a year ago.Looks like another strong month for vehicle sales, but down from May 2015.
Posted by Bill McBride on 5/26/2016 01:40:00 PM