US May Auto Sales – Record Prices as Sales Plunge -29%

US Light Vehicle Sales May 2022 – Courtesy National Automobile Dealers Association

Ken Zino of AutoInformed.com on US May Auto Sales - Record Prices as Sales Plunge -29%

May had two fewer selling days in 2022, and even adjusting for the difference, sales still fell by -14% YoY. The number of vehicles sold by selling day fell to 51,900 units from 60,400 units a year ago. With prices remaining at record high levels and monthly payments increasing as interest rates go up, retail sales are looking soft.

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