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News

Detroit Automakers Show Sales Gains In May

Detroit’s automakers are reporting double digit sales gains in May. As WDET’s Jerome Vaughn reports…the improvement comes, despite mixed economic news. SOQ

Analysts say pent-up demand for new vehicles, spurred the jump in sales…even though consumer confidence fell in May.

Chrysler had its best May since 2007. Sales jumped 30% - pushed by consumer interest in the Chrysler 300 and 200 sedans.

Ford sales rose 13%. The automaker says demand for its pickup trucks grew last month, reflecting an upswing in housing construction.

GM sales rose 11%.

Toyota reported the best year-over-year improvement among automakers…with sales jumping 87%. Last year at this time, the company was dealing with severe shortages caused by the earthquake and tsunami in Japan.