(Reuters) - "While in previous months, demand had proven more resilient than many forecasted, May is shaping up weaker for automotive sales in the U.S., according to our channel checks," Lehman Brothers analyst Brian Johnson said in a research note.
"Lower consumer confidence, associated in part with the slowdown in the housing market ... seems to be taking now more of a toll on light vehicle sales," Johnson said.
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"Lower consumer confidence, associated in part with the slowdown in the housing market ... seems to be taking now more of a toll on light vehicle sales," Johnson said.
Read more at Reuters.com Business News
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