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