New light vehicle sales in the US (including fleet) this month are expected to reach 1,521,000 units, up 5.5% year on year and 9.5% over April 2014, TrueCar has forecast.
May SAAR will reach 16.1m, it added, up 6% from May 2013 and up 1.1% over April 2014.
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The share of retail sales is expected to be up 0.6% compared to May 2013 and up 1% from April 2014.
Fleet and rental sales are expected to make up 17% of total industry sales in May 2014.
Industry average incentive spending per unit will be approximately US$2,677 in May 2014, an increase of 0.7% from May 2013 and an increase of 3.5% from April 2014.
“The industry is back to the level we expected at the beginning of the year,” said Larry Dominique, executive vice president of TrueCar.
“Chrysler, GM and Nissan are all benefiting from increased demand. They are showing higher sales and are able to pull back on incentive spending.”
