Major automakers on Monday reported better-than-expected U.S. new vehicle sales ...
- Major automakers on Monday reported better-than-expected U.S. new vehicle sales for May, posting the first monthly increase for 2019 as a strong economy and upbeat consumer sentiment boosted demand.
U.S. new vehicle sales through April had fallen 3 percent, fueling expectations of a weaker year for automakers in 2019 than last year, and May sales were expected to remain weak. Cox Automotive analyst Charlie Chesbrough said the May sales figures were a “complete reversal from a slow April,” adding that “there’s no denying many of the economic indicators we follow support strong sales,” including high consumer confidence, stabilizing interest rates and low unemployment.
FCA and General Motors Co have both launched redesigned pickup trucks. Ford Motor Co has for decades built the single best-selling truck brand with its F-Series trucks, with the Chevy brand a solid No. 2 and Ram a distant third. But in the first quarter of this year, Ram brand trucks outsold Chevrolet-brand trucks.Japanese automaker Toyota Motor Corp posted a 3.2% sales increase, boosted by strong demand for its Camry sedans.
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