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You are here: Home / News / Auto Sales Projected to Have Modest Increase on Selling Day Basis in May

Auto Sales Projected to Have Modest Increase on Selling Day Basis in May

May 20, 2016 By CollisionWeek Editor

While forecasting a 1 percent increase on a selling-day basis, J.D. Power and LMC Automotive forecast overall sales will be down in May.

Automakers are counting on strong new-vehicle sales over the Memorial Day holiday weekend to help give May sales the boost needed for a moderate increase over this month in 2015, according to a monthly sales forecast developed jointly by J.D. Power and LMC Automotive.

New-vehicle retail sales in May are expected to reach 1,241,200 units, a modest 1 percent increase from a year ago on a selling-day adjusted basis, according to a monthly sales forecast developed jointly

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