Steel Markets
June 4, 2021
May Auto Sales Still Hot Despite Limited Inventory
Written by Sandy Williams
U.S. auto sales were hot again in May with passenger cars adding to record sales for some brands. Honda and Hyundai saw sales jump over 50% year-over-year, while Toyota division sales leapt 47% and Lexus 49%.
IHS Markit estimates U.S. auto sales were at a seasonally adjusted annual rate of 16.6 million to 17 million units in May, very robust though down from more than 18 million in March and April.
