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Will Car Sales Really Recover?
"May was the most unusual month in the U.S. auto industry since August 2008’s “cash-for-clunkers” anomaly. The typical springtime updraft had no wind. Executives said a year-to-year decline in sales was only a temporary respite in the industry’s building recovery, and they made a good case. Pickup-truck sales declined. Ford sold all the small cars it could make for the California market. The Chevy Malibu was the country’s best-selling car. And for the first time since February 2006, Chrysler outsold Toyota. Even high-flying Hyundai threatened the pre-eminent Japanese brands. The domestic Big Three actually ranked 1-2-3 in U.S. sales in May for the first time in many years."
May Sales Bring Back Big Three (AutoObserver)
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