Kelley Blue Book: May U.S. auto sales to show 7% gain

|By:, SA News Editor

Kelley Blue Book forecasts a 6.7% gain in new vehicle sales to 1.54M units in May.

The compact SUV/crossover segment is expected to show the strongest pace of growth with a 11.9% increase, while KBB sees the mid-size segment lagging with a 2.5% rise.

Sales growth forecast by manufacturer: Nissan (NSANY) +13.6%; Chrysler (FIATY) +12.8%; General Motors (GM) +7.2%; Toyota (TM) +5.8%; Hyundai (HYMLF) +3.6%; Honda (HMC) +2.1%; Volkswagen (VLKAY) +1.1%, Ford (F) +0.4%.