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Economy

Auto-Armageddon: May Sales Data Shows Dramatic Slowdown In US New Car Sales

2022-06-02

[ZERO] Auto sales numbers for May are starting to trickle in and they're ugly...

The lack of stimmy money and unemployment check bonuses, combined with the fact that rates are rising and spending is slowing, made for a tumultuous May report for some of the most well known legacy auto manufacturers.

Here's a look at four of the first names to hit the tape this week, with most other major auto manufacturers set to release data within the next day or so.

*HONDA MAY U.S. AUTO SALES -57.3%

*TOYOTA US MAY SALES 175,990, -27.3% Y/Y

*MAZDA N. AMERICA MAY SALES DOWN 63.7%

*NISSAN APRIL GLOBAL SALES -29.1%

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