image: Gene J. Puskar

May U.S. sales expected to rise behind extra selling day, holiday deals

U.S. new-vehicle sales are expected to rise in May, thanks to an extra selling day and deals over the long Memorial Day weekend.

Forecasts from Cox Automotive, Edmunds and LMC Automotive/J.D. Power call for sales to rise about 3 percent, to around 1.56 million vehicles, from May 2017. It would be the industry’s third increase in the first five months of 2018.

LMC/J.D. Power and Cox say that will result in a seasonally adjusted, annualized rate of sales of 16.6 million vehicles, while Edmunds forecasts a 16.7 million SAAR. Both figures are below April’s rate of 17.2 million and the May 2017 SAAR of 16.8 million. The SAAR has topped 17 million units for eight straight months.

Read More on Automotive News