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3rd
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An interruption in the flight path.
Things had been on a positive trajectory for all of 2011 (and even into last year), but the auto industry hit an air pocket in May. After seven months of year-over-year increases, total industry volume fell by 4% compared to last May. The overall market slowed to an 11.8-million-unit annual pace, which is the first sub-12-million number we’ve seen since August.
Photo Gallery: May 2011 Auto Sales Auto Sales - Automobile Magazine