May 2014 Vehicle Sales Exceed 1.6M in U.S.
June 4th, 2014The Big 8 had some surprising news for analysts on Tuesday as they turned in their sales results from May 2014. Their total, 1606,264 vehicles sold in May, beat expectations and was the strongest annual sales rate since pre 2008 recession totals. General Motors and Chrysler posted May sales that haven’t been equaled in over 7 years. Ford and Toyota beat May projections and Nissan also set a May sales record. Hyundai had its highest sales month in the history of the company.
GM’s sales in May were up 12.6% to 284,694 vehicles, seemingly unaffected by their record number of recalled vehicles currently. Ford’s sales rose 3% to 254,084 vehicles sold in May. Chrysler gained 16.7% and moved 194,421 units in May 2014. Nissan gained 18.8% in sales and sold 135,934 vehicles. Honda jumped 9% and totaled 152,603. Hyundai/Kia also improved 8.5%, selling 130,994 new vehicles.
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