Auto sales bounce back in May

After a slightly disappointing April, auto sale bounced back increasing +7% over May 2012. Nissan lead the way with 114,000 units, up +25% vs. May 2012. Altima sales rose 41% and the new Pathfinder volume quadrupled. Toyota sales increased +2.5% to 208,000 units. The housing recovery is creating heavy demand for pick ups. Ford reported their F series pickups hit 71,604 units, the highest levels since March 2007. Dodge Ram sales increased +22%. Analysts expect June sales to hit 1.4 million units reaching an annualized rate of 15.5 million.