The numbers are in for the U.S.: Recent data for May shows that new car sales, although still down year-over-year, are on the path to a slow recovery. “We can safely say that April was the bottom for auto sales during the coronavirus pandemic,” said Jessica Caldwell, Executive Director of Insights at Edmunds, in a note. “There’s still a long road to recovery ahead, but May auto sales are a really encouraging sign for the industry.” (Source: Car and Driver) Read the original story…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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