Sales sizzle, set May record on light truck surge - Automotive News

Numbers in this table are calculated by Automotive News based on actual monthly sales reported by the manufacturers and may differ from numbers reported elsewhere. light-vehicle sales -- fueled by robust demand for trucks, crossovers and SUVs -- rose 1. 6 percent last month from a strong May 2014, bucking projections for a modest decline in volume. Fiat Chrysler, Honda, General Motors, Kia and Subaru generated U. S. sales increases in May while Ford, Nissan, Toyota and Hyundai fell as the industry enjoyed the strongest pace of sales in nearly a decade. The seasonally adjusted sales rate surged to 17. 78 million from 16. 52 million in April and 16. 73 million in May 2014. That’s the highest mark since the Detroit 3’s employee-pricing deals drove a SAAR of 20. 64 million in July 2005. Analysts had... The results bolster projections that U. S. light-vehicle sales will top 17 million this year for the first time since 2001. "Car buyers continue to pay more for vehicles and mitigate that cost with longer loan terms and low interest rates,” said... “With available longer loan terms, lower interest rates and abundant lease deals, people really are getting get more car for the money. light-truck deliveries, led by crossovers, pickups, midsize SUVs and large, premium SUVs, continue to drive. Source: