News Summary: US auto sales up 8 pct in May

AP News
Posted: Jun 03, 2013 4:33 PM

AUTO SALES: U.S. car and truck sales climbed 8 percent in May to 1.4 million. Trucks dominated sales, with full-size pickups up 26 percent from last May, according to Ward's AutoInfoBank.

WINNERS AND LOSERS: Nissan notched its highest May sales ever after cutting prices on seven popular models. GM, Ford, Chrysler, Toyota and Honda all reported sales increases, and GM's Cadillac was the fastest growing brand with sales up 40 percent. Only Volkswagen's sales fell compared with May of last year.

WHAT'S NEXT: Automakers expect continuing strong pickup sales thanks to the recovering housing market and increased oil drilling.