Auto Sales Slowing Won’t Prevent Biggest Year Since 2008: Cars

U.S. auto sales probably ran at the slowest pace of the year in May, a pause in demand before lower gas prices and rebounding production in Japan fuels the most annual purchases since 2008.

May light-vehicle deliveries, to be released tomorrow, may have run at a 12.1 million seasonally adjusted annual rate, the average estimate of 11 analysts surveyed by Bloomberg. The pace exceeded 13 million each of the last three months and was 12.6 million in January, according to researcher Autodata Corp.