How Have Foreign Automakers Fared in the Second Quarter So Far?
According to Autodata, US auto sales on a SAAR (seasonally adjusted annual rate) basis stood at 16.9 million units in May 2018 compared to 16.8 million units in May 2017. This positive YoY (year-over-year) growth could be one of the reasons why most of the US auto stocks are trading on a positive note in May.