Sales of new vehicles weakened somewhat during May as Fiat Chrysler posted a small increase while sales by most other automakers, including Ford, General Motors, Toyota and Nissan declined during the month.
Audi also bucked the trend, eking out a small increase despite the challenging calendar that left carmakers with two fewer sales days during the month. Sales slid even though the tempo of transactions remained brisk and pricing held steady as sales of trucks, vans and utility vehicles continued to boom.
FCA US said sales increased by 1% compared with sales in May 2015: the group’s best May sales in 11 years thanks to strong truck sales. (more…)