U.S. monthly sales surge 19%; Detroit 3 in double digits while Toyota lags
MAY U.S. AUTO SALES
Ford up 22%; GM up 17%, Chrysler up 33%; Toyota up 7%
4:50 p.m. U.S. ET | June 2
All major automakers except Toyota reported double-digit U.S. sales gains in May, as the light-vehicle sales rate hit its highest level since December. Sales rose 19 percent from May 2009, marking the eighth-straight monthly increase, the longest such streak since June 2000, according to Bloomberg Data. The seasonally adjusted annual sales rate hit 11.8 million, beating analysts’ predictions for demand in the low-11-million-unit range.
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