May car sales are flat. The sedan heads toward irrelevance – Los Angeles Times

Rich incentives, sweet lease deals, flexible financing options: they’re not enough. American car buyers continue to turn their backs on anything with four doors and a trunk.

Automakers released sales figures for May on Thursday, numbers that comport with major industry trends — sedan sales down, pickup sales up, sport utility sales up. On average, the market is flattening out after seven years of record sales.

Overall sales were flat for May, said Kelley Blue Book. If current conditions continue, analysts expect 17 million cars and light trucks will be sold in 2017, down from 17.55 in 2016.

Sedan sales were down about 20% in May. The shift from sedans to sport utility vehicles, small and large, is likely to continue.

Comments

Write a Reply or Comment:

Your email address will not be published.*