CHICAGO The top-selling
automakers in the United States sold nearly 1.25 million
vehicles in May, a 7.8-percent improvement from a year earlier
and a robust 12.3 percent higher than Aprils total, an
AMM analysis shows.
Industrywide, the seasonally
adjusted annual sales rate of 15.3 million vehicles was better
than Aprils rate of 14.9 million and in line with
first-quarter trends, IHS Automotive senior analyst Christopher
Hopson said in an e-mail.
Trucks and luxury models had a
good run last month, automakers said, although some of the
month-on-month gain could be attributed to Mays extra
"Cadillac is growing faster than
it has in almost 40 years, the pickup rebound is in full swing
and were seeing strong retail demand for our crossover
(vehicles)," said Kurt McNeil, vice president of U.S. sales
operations for General Motors Co. "These are all powerful signs
that the gradual recovery in the economy is becoming more
Truck sales by Detroit-based GM
were up 15 percent vs. the same month last year, including a
23-percent increase in large pickups and a 30-percent jump in
large sport utility vehicles. GMs pickup inventory fell
to 93 days at the end of May from 103 days a month earlier.
Ford Motor Co.s sales of
F-Series trucks, "fueled by construction growth and pent-up
demand, reached their highest level in more than six years,"
said Kenneth M. Czubay, Ford vice president of U.S. marketing,
sales and service. Ford sold 71,604 F-Series pickups last
month, a 31-percent increase vs. May 2012.
Dearborn, Mich.-based Ford plans
to build 740,000 vehicles in the third quarter, up 10 percent
from 673,000 vehicles in the third quarter of 2012 but down 7.5
percent from an anticipated 800,000 vehicles in the second
quarter of this year.
Auburn Hills, Mich.-based
Chrysler Group LLC said last months sales were its best
May in six years, with Dodge Ram sales jumping 23.8 percent
from a year ago.
Toyota Motor Sales USA Inc. also
reported higher pickup truck sales, its highest since August
South Korean brands Hyundai and
Kia saw a combined 1.6-percent sales increase last month vs.
May 2012. "Our plants continue to work at maximum capacity to
meet record demand levels across our lineup," said John
Krafcik, president and chief executive officer of Hyundai Motor
Year-to-date sales by the top
seven automakers totaled 5.53 million vehicles, up 7.3 percent
from 5.15 million in the first five months of last year,
AMM analysis shows. Market share for the Detroit
areas Big Three automakers improved to 53.6 percent from
52.3 percent a year earlier, while Japanese and Korean
brands share declined 0.6 and 0.8 percentage points,
respectively, in the same comparison.