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New car sales forecasted to plummet in May

(KYMA, KECY/ CNN) - New car sales are expected to plummet this month, compared to sales at this time last year.

According to JD Power and LMC Automotive, that's mostly due to near record-high prices. Plus supply chain disruption is causing limited inventory.

The average cost of a new vehicle right now is nearly $45,000 and demand is far exceeding the supply.

JD Power says the pace of new car sales is now directed by how many vehicles are delivered to dealers monthly.

CNN Newsource

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Cole Johnson

Cole grew up in a small town of just over 3,000 people called Moravia, NY—home of President Millard Fillmore and Fillmore Glen State Park.

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