Auto sales beat estimates
A few of the major automotive companies are out with May sales data and the numbers look good.
- GM May US auto sales rise 3.0% vs +0.1% estimated
- Ford May sales down 1.3% compared to a decline of 3.1% estimated
- Fiat Chrysler sales up 4.0% compared to +2.6% estimated
The Big 3 all beat estimates. For Chrysler it was the best May in 10 years. It's good news all around for the US economy but at the moment, it's all about the euro, Greece and the squeeze on the US dollar.
