Last Update: 01-Jun-18 17:14 ET
- U.S. light vehicle sales were at a seasonally adjusted annual rate (SAAR) of 16.91 million units in May versus a SAAR of 17.17 million units in April. The May run rate was 0.7% above the SAAR of 16.79 million units for May 2017.
- Total domestic sales decreased to 12.99 million SAAR from 13.19 million SAAR in April.
- On a seasonally adjusted basis, domestic auto sales for May decreased to a SAAR of 3.90 million from a SAAR of 3.91 million in April. The sales rate was 13.5% below the year-ago period.
- On a seasonally adjusted basis, domestic truck sales decreased 2.1% to 9.09 million SAAR in May from 9.28 million SAAR in April. The sales rate was 5.1% above the year-ago period.
- Ford Motor sales were up 0.5% year-over-year
- General Motors sales were estimated to be up 11.0% year-over-year
- Fiat Chrysler sales were up 10.8%year-over-year
- Toyota sales were down 1.3% year-over-year
- Honda Motor sales were up 3.1% year-over-year
- Nissan North America sales were down 4.1% year-over-year
- Subaru sales were up 7.1% year-over-year
- Tesla Motors sales were up an estimated 36.4% year-over-year
- Volkswagen Group of America sales were up 2.7% year-over-year
- The SAAR of 16.91 million was the first time since August 2017 that sales fell below a SAAR of at least 17.00 million. May 2018 had one more selling day in it than May 2017.
- Demand for SUVs, pickups, and crossovers continued to drive overall sales activity
- The average transaction price for light vehicles was estimated to have increased 3.4% year-over-year to $35,635 in May, according to Kelly Blue Book data cited by Automotive News
- According to ALG data cited by Automotive News, estimated new-vehicle incentive spending for the industry increased 5.0% year-over-year in May to $3,679
|Domestic Light Vehicles
|Total Light Vehicles (incl imports)