(May 28, 2014) IRVINE, Calif. — New-vehicle sales are expected to rise 6.7 percent year-over-year to a total of 1.54 million units, and an estimated 16.05 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book. This marks the strongest May since 2007.
With 1.54 million units sold in May, this would bring the year-to-date total to 6.6 million, a 3.9 percent increase from last year. In addition, a 16.05 million SAAR this month could mark the second month above 16 million this year, following a 15.98 million SAAR in April.