Auto Sales Strong, Off Slightly from April

According to NADA May’s SAAR totaled 17 million units, as April’s was revised upward to 18.8 million. May 2021’s SAAR was up 40.3% from May 2020’s, when light-vehicle sales had just begun to turn around from April 2020’s pandemic lows.

New-Vehicle Prices Up 2.2% YOY in April

The estimated average transaction price for a light vehicle in the U.S. was $40,768 in April 2021, according to Kelley Blue Book. New-vehicle prices increased 2.2% from April 2020, and up 0.23% from March 2021.