Market Insider

Hot auto sales top Tuesday's watch list

New Ford cars are displayed on the sales lot at Veracom Ford in Burlingame, California.
Getty Images

May auto sales are expected to be robust when they are reported Tuesday, even as the consumer showed just a so-so willingness to spend in April.

Analysts expect about a 17 million or more unit annualized selling rate when automakers report monthly vehicle sales, up from 16.5 million last month, according to Reuters. Also coming Tuesday is the April factory order report at 10 a.m. EDT.

Fiat Chrysler was first up Tuesday morning, reporting better-than-expected May sales of 202,227 vehicles - the best for the month since 2005. It said U.S. sales rose 4 percent in May on strong demand for the Jeep and Ram brands.