Reported 1 day ago
Auto sales have surged recently, but a report indicates a decline is imminent for the industry. Major manufacturers like Ford and Toyota reported sales increases in May due to incentives and pre-tariff inventory, yet these gains were much smaller than those seen in March and April. The seasonally adjusted annual rate (SAAR) of light vehicle sales dropped significantly, and economists predict ongoing headwinds such as consumer pessimism and declining dealership inventory will continue to suppress sales, potentially bottoming out in early 2026.
Source: YAHOO