According to Edmunds.com, auto sales in the U.S. are expected to hit 1.4 million in May, Toyota, Chrysler and Honda being the leaders.
Toyota and Honda managed to recover strongly after the natural disasters from last year, and Chrysler is on its way o have its best month since March 2008. According to Edmunds.com 1,391,163 new cars are expected to be sold in May, up 30% compared to the same period last year, which means 14.4 million vehicles sold foe the year.
Jessica Caldwell, senior analyst at Edmunds.com, observed: “With continued pent-up demand and consumers gaining more and more access to credit, there’s every reason to believe that sales can continue at this rate through the rest of the year.”
Toyota’s sales are expected to go up almost 90% from last year and Honda almost 50%. It is amazing that Toyota could reach sales so high, taking into consideration the fact that its production capabilities were temporarily damaged after March 2011 earthquake in Japan. Chrysler’s May sales are expected to rise 42%, GM and Ford with 11% and 16%, respectively.