This month’s new vehicle sales (including fleet sales) in the US are expected to be 1.52m units, a 3% decrease from April 2006, according to Edmunds.com.

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This amounts to a seasonally adjusted annual rate (SAAR) of 16.9m units.


This May had 25 selling days, one more than last May did. Without adjusting for this difference, sales are up about 1% from May 2005.


“High gas prices are motivating consumers to focus on smaller vehicles such as the new [Honda Fit (Jazz) and Toyota Yaris],” said Edmunds industry analysis head Jesse Toprak.


“It is said that history repeats itself; one might observe that the automotive industry is now reliving some elements of the 1970s.”

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Edmunds estimates the combined monthly US market share for Chrysler, Ford and General Motors domestic nameplates at 55.1% in May, down from 58.9% in May 2005 but up from 54.6% in April 2006.