Automakers are primed to report their May sales in the coming days, and the early estimates aren't showing favorably for the major brands.
Car sales were hot to start the year, partly due to the recovering economy and a wave of incentives offered by automakers. Since then, the high price of fuel and production slowdowns have conspired to keep sales low, USA Today reports. While April's sales figures were generally average, it appears that dealership lots weren't very crowded in the month of May, according to early projections from the car website Edmunds.
Specifically, Honda is reported to be set to report their worst May since 1997. Its Japanese rival, Toyota, is also poised for a bad month, set to lose 3 percent of its markets share to other automakers.
Despite the slowdown in sales, Edmunds auto analyst Michelle Krebs told the news source that small cars continue to be a big hit with consumers.
"Even though gas prices have moderated slightly from recent weeks, small cars continue to fly off dealer lots at a pace not seen since the gasoline-price run-up in the summer of 2008," said Krebs.
Drivers interested in a small car or any other vehicle may want to consider New Jersey State Auto Auction, which offers a wide range of cars for sale at affordable prices.