May Auto Demand "Stronger Than Expectations", Deutsche Says

May Auto Demand "Stronger Than Expectations", Deutsche Says In a preview of May U.S. auto sales, Deutsche Bank analyst Edison Yu and his team said industry demand appears to be holding up better than expected. They estimate the seasonally adjusted annual selling rate (SAAR) reached 15.9 million units during the month, modestly above last year's pace of roughly 15.7 million. While total vehicle sales are projected to be slightly lower than a year ago, the comparison is skewed by ...

By Tyler Durden