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May 2015 US Auto Sales Scorecard From AIADA
2015-06-07 21:05:14| Auto Dealers - Topix.net
Washington DC June 3, 2015; The AIADA reported that U.S. sales defied expectations in May, racing to their best finish since July 2005. The month's sales winners included BMW, up 4.7 percent; Subaru, up 12.2 percent; and Volkswagen, up 8.1 percent.
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auto sales
Low Gas Prices Driving Auto Sales and Summer Travel
2015-06-05 23:17:20| Auto Dealers - Topix.net
You may want to book that road trip or buy that new truck or SUV because gas prices are likely to remain near six-year lows for the 2015 summer travel season. Michael Green, spokesperson at AAA tells FOXBusiness.com, "It is practically guaranteed that Americans will pay the cheapest summertime gas prices since 2009," Green also notes that while OPEC's decision Friday to keep production levels steady, at 30 million barrels a day, was expected, "it is still good news for drivers."
US auto sales reach fastest pace in almost ten years this May
2015-06-03 11:03:05| Auto Dealers - Topix.net
While other economic indicators are showing signs of fatigue, US auto sales in May - with the country being the world's second largest auto market - raced to their strongest pace in almost a decade thanks to cheap loans and affordable gasoline. According to researcher Autodata Corp., the automotive market in May rushed past analyst predictions for a 1.1 percent slide in demand and inched up by 1.6 percent to 1.64 million units.
May Auto Sales Top Estimates, Set Records In The U.S.
2015-06-03 10:03:16| Auto Dealers - Topix.net
General Motors, the top U.S. carmaker and No. 3 globally, reported a 3% increase to 293,097 vehicles in May 2015.
Auto sales were so strong in May it moved the needle on GDP
2015-06-03 05:49:33| Auto Dealers - Topix.net
In May, the pace of auto sales in the US rose to a seasonally adjusted annualized rate of 17.79 million vehicles according to Autodata, a new post-recession high and the fastest pace in almost 10 years. In a note to clients following the report, Jesse Hurwitz, an economist at Barclays, said, "We have been looking for a bounce back in consumption growth following the puzzlingly weak April data and today's sales reports from auto manufacturers suggest these gains are starting to materialize."
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