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Report: May new-vehicle retail selling rate expected to be 1 million units stronger than a year ago
Robust new-vehicle retail sales in May are the driving factor of returning total sales above the 15-million unit selling level for the month, according to a monthly sales forecast developed by J.D. Power & Associates' Power Information Network (PIN) and LMC Automotive.
Retail Light-Vehicle Sales
New-vehicle retail sales in May are projected to come in at 1,157,900 vehicles, which represent a seasonally adjusted annualized rate (SAAR) of 12.5 million units, the highest level since January...
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