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Home » May auto sales increase for 10th month on pent-up demand

May auto sales increase for 10th month on pent-up demand

SAAR clocked in at 15M units, up 19.6% YoY

Joey PizzolatobyJoey Pizzolato
September 18, 2024
in Sales & Marketing
Reading Time: 3 mins read
0
Customers view a vehicle for sale at a Ford Motor Co. dealership in Richmond, California, U.S., on Thursday, July 1, 2021. The global semiconductor shortage that hobbled auto production worldwide this year is leaving showrooms with few models to showcase just as U.S. consumers breaking free of pandemic restrictions are eager for new wheels.

Photographer: Bloomberg/Bloomberg

May marked a bright spot for auto manufacturers as sales jumped amid increasing supply and incentive spending, marking the 10th consecutive month of year-over-year gains, but momentum could soon falter. The seasonally adjusted annualized rate (SAAR) clocked in at 15 million units, up 19.6% YoY but down 6.5% from April, according to the U.S. Bureau […]

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Tags: incentive spendinginventoryjpmorganPorsche ConsultingPremiumus auto sales
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