Industry data firm Wards Intelligence revealed on May 3 that U.S. light vehicle sales in May experienced the largest decline in nearly five years. The seasonally adjusted annual rate (SAAR) plummeted notably, from a revised 17.25 million units in April to 15.65 million units in May, down from 17.83 million units in March. This substantial drop underscores the mounting challenges confronting the U.S. automotive market.
