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War: Car sales collapse in US
  • Vitaliy_KiselevVitaliy_Kiselev

    Car sales figures for May are starting to seep into the public domain, and they're horrendous...

    The elimination of stimulus payments and the absence of unemployment bonuses, combined with the fact that rates are rising and spending is slowing, led to a roaring May report for some of the most prominent car manufacturers.

    Here's a look at the top four brands that hit the feed this week, with most other major automakers releasing data over the next day or so.

    • HONDA may reduce US sales by 57.3%
    • US TOYOTA sales in May 175,990, -27.3% y/y
    • MAZDA in North America could reduce sales by 63.7%
    • Worldwide sales of NISSAN in April -29.1%
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