LMC Automotive, Kelley Blue Book and Edmunds are all projecting slight vehicle sales increases of no more than .5% in May, when all sales numbers have been reported. This would halt four consecutive months of sales declines.
Despite the respite in declining sales, LMC is revising it’s 2017 year-end sales projection down to 17.2 million vehicles, 2% less than the record 17.55 million sold last year.
Manufacturer incentives continue to drive some consumers to dealer showrooms, with average incentives of nearly $3,600 per vehicle in May, according to J.D. Power. That is an increase of $241 increase compared to May 2016.