June 4, 2020—Multiple OEMs have noted fairly strong U.S. sales rebounds for the month of May, due in part to communities allowing businesses to reopen after COVID-19 retail restrictions, as noted in a post by autoblog.com. Some numbers of note include the following:
- While Hyundai's overall U.S. sales in May decreased 13 percent, that was significantly better than experts had forecast. Hyundai also noted a 5 percent increase in retail sales.
- Toyota's overall U.S. sales reportedly decreased by nearly 25 percent in May, but retail demand rebounded to 86 percent of levels from one year earlier. And, a company spokesperson said that OEM's retail sales nearly doubled from April to May.
- Mazda rebounded to just a 1-percent decline in May.
Also of note, the University of Michigan's Surveys of Consumers indicated that 64 percent of those polled in May said it was a good time to buy a car. That was up from 57 percent in April. Those saying times were bad or the future was uncertain fell to 28 percent, compared to 38 percent one month earlier.
