Saturday, June 2, 2012

Hooray for May on Automotive Sales Front!

Early readings of May U.S. auto sales are so strong that some analysts are raising their full-year forecasts by 200,000 units.
Forecasters are predicting a fifth straight month with an annual selling rate above 14 million.
"May sales are wonderful," said Stacey Gillman Wimbish, president of the 18-store Gillman Cos. in Houston.
Last week in Washington, sales executives for Kia, Volkswagen, Lexus and Acura described scrambling to meet high dealer demand.

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