Expect May auto sales to come in 6 percent to 8 percent higher than in May 2012, and the SAAR to rise above 15 million. This according to Reuters, and “after a disappointing result in the prior month” – for some.
Reuters analyzed the predictions of a few analysts, so we don’t have to:
“Sales of new cars and trucks in May are expected to top 1.43 million vehicles, while the annual sales pace is forecast to hit 15.2 million vehicles, according to a report by J.D. Power and Associates and LMC Automotive, as well as one by TrueCar.com.
Kelley Blue Book’s forecast is slightly more conservative, as it sees sales rising 6 percent to almost 1.42 million and an annual sales rate of 15 million.”