US auto sales missed expectations in May

Note: This section contains information in English only.
Source: Reuters
US auto sales rose in May on an annual basis but still missed forecasts amid soft economic recovery. The annual sales in May approached 13.8 million vehicles as compared to expectations of 14.5 million. Honda Motor, Nissan Motor and Ford Motor faced an increase in sales of 48%, 21% and 13%, respectively. The auto sector performance coupled with poor labour market data released on Friday indicated that the US economy still faces challenges on the way towards recovery.


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