U.S. auto sales are expected to drop 2.1% in May from the year-ago period, as hi...
FILE PHOTO: Automobiles for sale are seen at Serramonte Volkswagen in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam
The consultancies see total U.S. vehicle sales of about 1.56 million units in the month, with retail sales of new vehicles expected to drop 3.1% to 1,226,800 units. “Manufacturers are responding with larger discounts to take advantage of the Memorial Day weekend which is one of the busiest car-buying periods of the year,” Thomas King, senior vice president of the data and analytics division at J.D. Power, said.Sales of used vehicles, however, remain strong, offsetting challenges in new vehicle operations for many dealers.
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