New car sales increase in May

May 24, 2013 12:00 AM

As May comes to a close, automakers across the U.S. are seeing a significant sales growth. In fact, sales of new cars for the month are expected to rise nearly 8.5 percent from the same month last year, which should put the industry back on track after a disappointing April. 

TrueCar estimates that 1.4 million new light cars will be sold in May, which is a 12 percent increase from April's numbers, The Wall Street Journal reports. Nissan and Ford vehicles are leading the way, as each automaker is expected to post gains of 20 to 25 percent. 

"This is the time of year when the automotive industry holds its collective breath, as the recent past has dealt with a spring slowdown in demand; however, the current pace suggests full steam ahead for the second half of 2013," said Jeff Schuster, LMC vice president, as quoted by Reuters. 

Drivers who are holding off on purchasing a new car can still keep pace with others. Getting an automotive oil change or car tune up is a good first step to making sure your car is running at peak performance, and doing so soon can also keep long-term costs down. 

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