May was a huge month for auto sales.

According to AutoData, the pace of sales jumped to an annualized rate of 16.8 million units, the fastest since February 2007.

This smoked analysts’ expectations for a 16.1 million level.

Almost every major auto company blew away expectations handily.

Chrysler said auto sales jumped 17% in May, beating expectations for a 14% increase.

GM said sales surged 12.6%, crushing expectations for just 6.4% growth.

Ford said sales unexpectedly climbed by 3.0%. Analysts were looking for a 0.2% decline.

These sales results are just the latest in a series of economic indicators signaling a snapback in economic activity following the unusually harsh winter.

Here’s a tally of May sales stats:

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at