Vehicle Sales Slump 2.3% in April

Motor vehicle sales put the brakes on in April, according to a Motor Intelligence report (link opens in Excel) released today.

Total car sales clocked in at a seasonally adjusted annual rate of 14.92 million units, 2.3% lower than March's numbers. A 4.2% drop in car sales was the primary reasons for April's slump, but truck sales growth also went red for the first time in 2013, down 0.4%.

Sales look slightly better on the domestic front, down 1.9% for April. At a seasonally adjusted annual rate of 11.86 million units, U.S. sales account for around 80% of total sales. Car sales dropped 4.3% from March to April, while truck sales remained steady. Import sales of cars and trucks dropped 3.8% and 3.7%, respectively. 

Looking back over the last 12 months, domestic sales have soared 10.2% while imports slumped 8.9%. Domestic truck sales are up 13.4% for the largest gains, while sales of imported cars have fallen 13.3%. 

Motor Intelligence is part of Autodata Corp., providing automotive statistical data, market intelligence, and analysis.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2401768, ~/Articles/ArticleHandler.aspx, 10/2/2014 1:04:40 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement