U.S. auto sales probably ran at the slowest pace of the year in May

Article by Christian A., on May 31, 2011

According to the average estimate of 11 analysts that Bloomberg compiled, deliveries for light vehicles in May could have run at a 12.1 million seasonally adjusted annual rate.

The vehicle sales in the United States were likely at their slowest pace of the year in May, a gap in demand before rebounding production in Japan and lower gas prices boosts the highest annual purchases since 2008.

According to researcher Autodata Corp., the pace exceeded 13 million each for the last three months and was 12.6 million in January.

Honda Motor Co. and Toyota Motor Corp. are working hard for operations to get back to normal after the March 11 disaster in Japan created component supply shortages and idled factories.

The slowdown in May sales was due to the limited supply of fuel-efficient vehicles, like Toyota's Prius, that discouraged purchases and raised prices.

Alan Baum, the principal of industry consultant Baum & Associates shared that the consumers were informed about a temporary shortage of cars, and thus, many of them are just waiting.

He forecasted that vehicle sales in the U.S. this year will reach 13 million. He added that May is a “reasonably poor month” but did not guarantee that it will transcend in the remaining months of the year.

Topics: united states

If you liked the article, share on:

Comments

Recommended

The first time Porsche revealed the Panamera Sport Turismo to the public was during the 2017 Geneva Motor Show earlier this year. And now it has already entered production, and...
by - July 27, 2017
Autocar has got some juicy rumours for us regarding a new McLaren hypercar. The British publication has inside sources claiming that a new model will be added to the Ultimate...
by - July 27, 2017
Ferrari has recently launched the New Power15 extended warranty program. The company developed this program in response to the notion that supercars are very expensive to maintain. Truth be told,...
by - July 27, 2017
The UK it seems is about to take the same road as its neighbouring country France by banning sales of petrol and diesel vehicles beginning 2040. As reported by The...
by - July 27, 2017
What has BMW been up to lately? The company recently announced that they are currently focusing on electrification, and so far, their new architecture will enable “electrification of every model...
by - July 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries