Auto Sales Rise in May: Will Automakers' Joyride Continue?

U.S. auto sales rose in May driven by a demand in pickup trucks and SUVs. May sales of new vehicles grew an estimated 2% despite rising gas prices. The U.S. auto industry has had a bumpy ride so far this year, with sales down in February, up in March and again down in April. However, the auto industry seems to be on steady track despite the projected auto sales slowdown for 2018.