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May Was A Good Month For Automakers

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May Was A Good Month For Automakers

Business

May Was A Good Month For Automakers

May Was A Good Month For Automakers

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Ford and GM enjoyed double-digit sales increases compared to last year. Japanese and Korean carmakers also posted higher U.S. sales, with the exception of Toyota. Consumers are jumping back into SUVs — perhaps thanks to lower gas prices and good financing deals. Last month, truck and SUV sales rose 22 percent.

RENEE MONTAGNE, host:

NPR's business news starts with auto sales zooming ahead.

(Soundbite of music)

MONTAGNE: May was a good month for automakers. Ford and GM both enjoyed double-digit sales increases compared to last year. Japanese and Korean carmakers also posted higher U.S. sales, with the exception of Toyota. Consumers are also getting back into SUVs, perhaps thanks to lower gas prices and good financing deals. Last month, truck and SUV sales rose 22 percent.

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