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David Woodruff

US Auto Sales Rise

by David Woodruff | Dun & Bradstreet Editor

June 15, 2015 | Comments Off on US Auto Sales Rise

Driven by the popularity of light trucks, US light vehicle sales rose 1.6% in May 2015 compared to the same month the year before. The uptick marked the strongest monthly sales levels in nearly 10 years and the most May sales in industry history, according to Automotive News. May’s results helped keep 2015 on pace for topping 17 million light vehicle sales, a level last reached in 2001. Favorable interest rates and leasing options, low gas prices, and longer loan terms are helping lure buyers to market. For more industry trends, please see our Automobile Manufacturing profile.