According to preliminary estimates, US Light Vehicle (LV) sales grew by 6.8% year-on-year (YoY) in May, to 1.44 million units, according to an analysis just released by the respected GlobalData consultancy. After seeing a lengthy growth streak end in April, the market in the United States returned to YoY expansion in May, although it was helped by an additional selling day compared to May 2023. The daily selling rate was estimated at 55,600 units/day in May, compared to 53,100 in April. Both the annualized rate and the daily selling rate were the best for the year-to-date, but neither were as strong as December2023. Estimated retail sales totaled 1.18 million units in May, while fleet sales finished at ~268,000 units, representing ~18.6% of total sales.
US Light Vehicle Sales Strong in May