New car sales seen up 6-8 percent in May: analysts

A row of Jeeps are seen in Gaithersburg, MarylandDETROIT (Reuters) – Auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday. Sales of new cars and trucks in May are expected to top 1.43 million vehicles, while the annual sales pace is forecast to hit 15.2 million vehicles, according to a report by J.D. Power and Associates and LMC Automotive, as well as one by TrueCar.com. Kelley Blue Book's forecast is slightly more conservative, as it sees sales rising 6 percent to almost 1. …

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