New car sales dip in May

New vehicle sales lost some stream in May, with total receipts dropping slightly from the record levels reached in May 2015.

According to Kelley Blue Book, the month of May new-vehicle sales will likely be down by six percent year-over-year, to a total of 1.53 million units.

Kelley Blue Book points out that sales are still at record levels, and holding on. The issue is that they’re just not growing. This could be a problem for the auto industry, which has gotten used to strong increases in sales in recent years. Instead, dealers may find themselves with excess inventory, especially if May’s disappointing sales performance is repeated in June.

For buyers, however, that means they could find themselves in a better negotiating position as a result.

If you’re thinking about buying a new car or want to refinance your current auto loan from another lender, we can help. Visit our Auto Buying Center for information about new vehicles and to get started on your new Travis auto loan.

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