U.S. car sales fall 0.5% in May
U.S. light vehicle sales of 1,519,175 units in May were down 0.5% compared to the same month in 2016, despite one extra selling day.
Truck and SUV sales increased 6.0% from last May to 935,170 units, while passenger car sales declined 9.3% to 584,005 units.
The overall SAAR for May was 16.66 million units.
The SAAR was 6.20 million units for passenger cars and 10.46 million units for trucks.
General Motors sales were down 1.3% and FCA sales were down 0.9%, but Ford sales were up 2.2% compared to May last year, with passenger car sales down 11.5%, 24.3%, and 10.0% respectively.
Among Japanese companies, Toyota was down 0.5%, while Nissan, Honda, and Subaru were up 3.0%, 0.9%, and 12.1% respectively compared to last May.
Hyundai sales decreased 15.5% while Kia sales decreased 7.0% from last year.
Among German companies, BMW and Daimler sales decreased 11.0% and 7.0% respectively while Volkswagen Group sales increased 3.8% from the same month last year.
Volvo sales increased 12.0%, while Jaguar Land Rover sales increased 13.9% from last May.