Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work ...
Several automakers on Tuesday reported stronger-than-expected May sales in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to rebuild inventories as demand recovers from coronavirus shutdowns.
The U.S. auto sector has reopened assembly plants following the shutdown and automakers that reported May sales said they saw signs of recovery in consumer demand.Toyota Motor Corp, said overall U.S. sales fell about 26per cent in May, but retail demand rebounded to 86per cent of levels in May 2019, exceeding the company's forecasts. Retail sales almost doubled from April to May, a spokesman said.
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