U.S. auto sales results encourage Detroit plan to rebuild inventories

by SpeedLux
california road

Several automakers this week reported stronger-than-expected auto sales in May in the United States, and the Detroit automakers said they will work through their annual summer shutdowns to reconstruct inventories as demand recovers from coronavirus shutdowns.

The U.S. auto sector has resumed assembly plants after the shutdown and automakers that reported May sales said they saw signs of recovery in customer demand.

Toyota Motor stated overall U.S. sales dropped about 26% in May, but retail demand rebounded to 86% of levels in May 2019, surpassing the company’s forecasts. Retail sales almost doubled from April to May, a spokesman stated.

Hyundai Motor stated total U.S. sales in May dropped 13%, but that was significantly better than the 33% industry drop Cox Automotive had forecast. Hyundai mentioned a 5% increase in retail sales.

General Motors said it will keep building vehicles at majority of its U.S. plants to meet increasing customer demand, instead of taking a traditional two-week summer shutdown starting June 29, GM spokesman Jim Cain stated.

“Our share has been boosting and we want to be able to carry that momentum through to the other side of the pandemic,” he said.

Half of Ford Motor’s eight U.S. assembly plants have decreased their shutdowns to one week. Others are shifting their breaks to later in the year.

GM and Ford are not reporting monthly U.S. sales anymore.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More