IHS is predicting industry-wide sales to come in around 8.4 million units, adjusted downward by 156,000 units from last month. A reason for the cut in outlook could be slower than expected early May sales, a month that typically sees stronger sales than most. IHS predicts that industry sales will continue to lag behind those of past years significantly, with the earliest time frame for an uptick being the end of summer. Industry-wide sales in North America are down 37.8% through April. Hat tip to Thomas!
[Source: Automotive News, sub. req'd | Image: Larry W. Smith/Getty]