Forty economists polled by Thomson Reuters expect on average a
seasonally adjusted selling rate of 17.3 million vehicles for
May, not greatly changed from April but down from 17.8 million a
year earlier.
Most analysts expect a year-on-year drop in sales, in large part
because of two fewer selling days and one less weekend this past
month.
Edmunds.com said sales would be down 5.8 percent from a year
earlier, while fellow industry consultancy TrueCar estimated a 4
percent decline.
All but one of the top-for selling automakers in the U.S. market
are expected to report lower sales.
Fiat Chrysler Automobiles sales were seen unchanged by Edmunds
and rising 1.2 percent by TrueCar.
General Motors Co sales were seen dropping 13 percent by Edmunds
and 8 percent by TrueCar. Ford Motor Co sales were seen
down 3 percent by Edmunds and 5 percent by TrueCar. Toyota Motor
Corp sales were forecast to fall 9 percent by Edmunds and 8
percent by TrueCar.
Consultancies J.D. Power and LMC Automotive collectively last
month lowered their forecast for 2016 auto sales to 17.7 million
vehicles from 17.8 million..
In 2015, vehicle sales were a record 17.47 million vehicles,
according to Autodata Corp.
(Reporting by Bernie Woodall; Editing by Lisa Von Ahn)
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