May U.S. auto industry sales weakened year over year, with General Motors, Ford Motor and other manufacturers reporting lower U.S. vehicle sales for the month due to sluggish demand for sedans and fewer selling days.
The auto selling rate for the month came in at 17.45 million. Forty economists polled by Thomson Reuters expect on average a seasonally adjusted selling rate of 17.3 million vehicles for May, not greatly changed from April but down from 17.8 million a year earlier.
In 2015, vehicle sales were a record 17.47 million vehicles, according to Autodata Corp.
Ford, which on Wednesday reported a 6 percent drop to 235,997 vehicles from a year earlier, estimated a sales decrease of about 8 percent for the U.S. industry in May.