New Vehicle Sales to See Big Drop in April: Edmunds
Edmunds is forecasting 1,335,313 new vehicles sales through April, representing a 19% decline from March and a 6% decline from the same time last year.
Photo by Eric Gandarilla.
Photo by Eric Gandarilla.
Edmunds is forecasting 1,335,313 new vehicles sales through April, representing a 19% decline from March and a 6% decline from the same time last year.
Of those 1.3 million new vehicles sold, roughly 20.1% are expected to originate from fleet sales.
In the used segment, 3.5 million vehicles are expected to sell, a decline from the 3.7 million sold in March.
“April’s sales slip may seem disheartening, but the spike we saw in March was an anomaly considering our expectations for 2018,” said Jessica Caldwell, Edmunds executive director of industry analysis. “Overall, we expect April will still be a solid month and more of a true indicator of where sales are trending for the year as demand declines and interest rates continue to rise.”
In terms of market share, GM, Ford, and Fiat Chrysler are the only three OEMs expected to not see a decline, on a year-over-year basis.
Related: New Vehicle Interest Rates Rise in 2018's First Quarter
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