News Summary: Auto sales a bright spot in May

AP News
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Posted: Jun 01, 2012 4:59 PM
News Summary: Auto sales a bright spot in May

AUTO SALES: Americans bought more than 1.3 million new cars and trucks in May, up 26 percent from last May. It was the best May for the industry since 2008.

BIGGEST GAINERS: Toyota's sales rose 87 percent and Honda's climbed 48 percent. Both companies ran short of vehicles in May 2011 after the Japanese earthquake, but are rapidly gaining back customers this year.

WHAT'S NEXT: Car sales usually hew closely to the stock market and consumer confidence numbers. More bad economic news, like Friday's weak unemployment report _ which sent the stock market tumbling _ could hurt sales in June.