Tuesday, June 03, 2014

Vehicle Sales in May: Solid Early Reports

by Bill McBride on 6/03/2014 12:15:00 PM

I'll post a graph of monthly vehicle sales when after all the automakers report (usually between 3 and 4 PM ET). The consensus is for light vehicle sales to increase to 16.1 million SAAR in May from just under 16.0 million in April (Seasonally Adjusted Annual Rate).

Here are a few articles that suggest sales were solid in May (there was one more selling day in May 2014 compared to May 2013).

From MarketWatch: General Motors U.S. sales jump 13% in May

GM said it sold 284,694 total vehicles in May, up from 252,894 a year earlier. ... GM called the results its best total monthly sales figure since August 2008.
From MarketWatch: Chrysler's U.S. sales jump 17% in May
Chrysler, a unit of Fiat Chrysler Automobiles, sold 194,421 vehicles in May, up from 166,596 a year earlier. The company said it enjoyed its best May sales since 2007.
From MarketWatch: Ford sales rise 3% in May
Ford Motor Co. reported Tuesday it sold 254,084 cars and pickup-truck in the United States in May, up 3% from a year ago. ... It was Ford's best May in 10 years