U.S. auto sales hit nine-year high in May

Chrysler, Nissan and Toyota all reported double-digit sales gains over last May. Even General Motors, battling bad publicity from a mishandled recall, surprised with a 13 percent increase.
By TOM KRISHER, Associated Press Published: June 4, 2014
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Brisk demand for SUVs and pickups — and five sunny weekends — pushed U.S. auto sales to a nine-year high in May.

Chrysler, Nissan and Toyota all reported double-digit sales gains over last May. Even General Motors, battling bad publicity from a mishandled recall, surprised with a 13 percent increase.

Ford’s sales rose a better-than-expected 3 percent, while Hyundai’s were up 4 percent. Of major automakers, only Volkswagen’s sales fell.

May is traditionally a strong month for the auto industry, as buyers spend their tax returns and think ahead to summer road trips. This year’s calendar, with five weekends, gave it an extra boost. Sales were particularly strong the last weekend of the month, automakers said.

Sales rose 11 percent to just over 1.6 million in May. That was the highest monthly total since July 2005, according to Kelley Blue Book.

“It’s the continued recovery in the summer selling season,” said Jeff Schuster, executive vice president of forecasting for LMC Automotive, an industry consulting firm.

June should bring more of the same, said Karl Brauer, a senior analyst with Kelley Blue Book. May sales were driven by pent-up demand from the winter, he said, but the summer months will likely be strong because of other factors, including low interest rates, good lease deals and enticing new vehicles.



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Sales for other automakers

Honda’s sales rose 9 percent. Accord midsize car sales rose 19 percent to nearly 40,000. Sales of the Odyssey minivan and Ridgeline pickup fell.

Nissan’s sales jumped 19 percent on strong demand for new vehicles, including the Sentra small car and Rogue SUV.

Chrysler’s sales rose 17 percent, boosted by strong demand for the Ram pickup and the new Jeep Cherokee small SUV. The Jeep brand sales set an all-time monthly sales record, with 70,203 vehicles sold in May.

Hyundai said May was its best month ever in the U.S., with total sales of 70,907. Santa Fe SUV sales jumped 49 percent, while sales of Hyundai’s luxury Equus and Genesis sedans rose 25 percent each.

Volkswagen sales fell 15 percent as the brand prepared to launch the new Golf compact car.

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