Industry Credits Tax Cuts And Booming Economy For Robust SUV Sales

U.S. light-vehicle sales are still expected to decline for a second consecutive year in 2018, but implacable demand for high-profit SUVs and the extra cash that last year's income-tax changes put in some customers' pockets are helping to soften the fall.

Auto sales came in stronger than expected in May, rising 4.7 percent from a year ago to 1.59 million, according to the Automotive News Data Center. It was the third consecutive year-over-year gain for the industry's seasonally adjusted, annualized selling rate, though the 16.91 million rate for May also was the industry's lowest SAAR since August.

MDarringer - 6/4/2018 11:54:23 AM

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Pickups, SUVs, crossovers, and muscle cars sell easily. Sedans and hatchbacks are plummeting.