PREVIEW-UPDATE 1-Price hikes, fewer cars likely hurt auto sales

Newswire

* WHAT: May U.S. auto sales * WHEN: Wednesday, June 1 * CONSENSUS FORECAST: Annual sales rate of 12.6 million (Adds comments from Ford CEO) By Deepa Seetharaman DETROIT, May 31 (Reuters) - Higher car prices and a shortage of fuel-efficient vehicles likely threw a roadblock in the U.S. auto industry's recovery path in May, when the Japan crisis had its biggest impact on U.S. sales so far. Economists polled by Reuters projected the industrywide annualized sales rate would be around ...

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