Double-digit increases in the automaker’s top-selling nameplates drove the increase.
Company cites the impacts of lower used-vehicle availability and higher wholesale pricing as the reasons.
May supplies reached 1.96 million, well above a year earlier, though still under historical norms.
Economic headwinds are not deterring sales, Cox Automotive analysts find.
Sales consequently robust, also aided by increased discounts.
Still off historical norms, improvement leads to more sales.
More cars are available, but record prices and rising interest rates will challenge customers.
Dealers worry that continued increases will cut demand, raise stocking costs.
Report suggests middle-class norm becoming harder to achieve.
Dealers report elevated prices, a lack of affordable vehicle models, and higher interest rates are pricing many consumers out of new cars.
