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May US light vehicle sales

Summary:
Car sales continue to soften from the highs of last year. And May sales unchanged from April would mean no contribution to growth this month: U.S. Light Vehicle Sales increase to 17.4 million annual rate in May by Bill McBrideBased on a preliminary estimate from WardsAuto, light vehicle sales were at a 17.37 million SAAR in May (Preliminary estimate excluding Jaguar Land Rover and Volvo).That is down about 1.5% from May 2015, and up slightly from the 17.32 million annual sales rate last month.

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Car sales continue to soften from the highs of last year.

And May sales unchanged from April would mean no contribution to growth this month:

U.S. Light Vehicle Sales increase to 17.4 million annual rate in May

by Bill McBride

Based on a preliminary estimate from WardsAuto, light vehicle sales were at a 17.37 million SAAR in May (Preliminary estimate excluding Jaguar Land Rover and Volvo).

That is down about 1.5% from May 2015, and up slightly from the 17.32 million annual sales rate last month.
May US light vehicle sales

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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