This month’s US new vehicle sales (including fleet sales) are expected to be 890,000 units, a 36.1% decrease from May 2008 but an 8.9% increase from April 2009, according to Edmunds.com.
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May 2009 had 26 selling days, one less than last May. When adjusted for this difference, sales decreased 33.6% from May 2008.
“Consumer demand is slowly starting to come back, but is still far below last year’s levels,” said Jesse Toprak, industry analysis chief at Edmunds. “The dramatic year-over-year declines can also partly be attributed to significant reductions in fleet sales, particularly for Chrysler, who closed down production on 1 May.”
The combined monthly US market share for Chrysler, Ford and General Motors domestic nameplates is estimated to be 43.9% in May 2009, down from 45.3% in May 2008 and down from 46.6% in April 2009.
“Consumer confidence, a key factor in car buying, rose in May by the most in six years and is now at a level not seen since last September,” said Michelle Krebs, senior editor of Edmunds’ AutoObserver.com. “This good news couldn’t come soon enough for the auto industry, and the benefits are already coming in for most automakers.”
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