6/1/12, "May auto sales disappoint; demand slows," Reuters, Klayman and Seetharaman
"Automakers posted strong U.S. May sales gains from a year ago, but the sales rate still fell short of expectations as the broader economy softened and gave pause to consumers mulling big-ticket purchases.
The annual selling rate in May finished at 13.8 million vehicles, the first month this year under the 14 million pace and far short of the 14.5 million expected by economists polled by Reuters.
The sales results, when combined with Friday's anemic U.S. jobs report, suggested the industry could face hurdles in its recovery from a recession four years ago that dragged General Motors and Chrysler into bankruptcy. Among the automakers posting disappointing results on Friday were GM, Toyota Motor Corp and Chrysler....
Honda Motor Co Ltd and Nissan Motor Co Ltd also posted weaker-than-expected sales in May, while Ford Motor Co's numbers fell short of what Barclays and Edmunds.com had forecast. Honda, Nissan and Ford's sales rose 48 percent, 21 percent and 13 percent, respectively.
GM's sales rose 11 percent, while those at Chrysler and Toyota rose 30 percent and 87 percent, respectively."...via Drudge