Steel Markets
June 2, 2016
US Auto Sales Drop 6% in May
Written by Sandy Williams
U.S. auto sales may have finally reached the peak that that analysts have been predicting. Overall the market declined 6 percent for sales of 1,536,276 light vehicles. WardsAuto places May’s seasonally adjusted annual rate at 17.4 million units, up from 17.3 in April, but short of the 17.6 million from a year ago.
Trucks once again outpaced sales of cars. The Wall Street Journal reports total car sales of 645,763 compared to 890,513 light trucks that include pickups, cross-overs, vans, and SUVs.
