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May Auto Sales, Profits on the Rise

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June 2, 2014—May auto sales may beat a seasonally adjusted annual rate of 16 million for the third month in a row, Forbes reported over the weekend.

The recent growth—combined with five years of slow but steady growth—could bring sales back to pre-recession volumes, Forbes said.

Profits are also on the rise, led by Chrysler Group, which expects to see $690M in 2014. The automaker’s high profits are largely thanks to what they call, “infrequent items,” according to Forbes.

All automakers are expected to announced May sales on Tuesday.

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