The automakers will report April car gross sales on Tuesday, May 2nd.
Note: There have been 26 promoting days in April 2017, down from 27 in April 2016.
From WardsAuto: U.S. Forecast: Mild Sales, Growing Inventory
The report places the seasonally adjusted annual price of gross sales for the month at 17.1 million models, nicely above final month’s 16.5 million, however under year-ago’s 17.three million.
The month-to-month quantity can be three.1% under final yr. Beyond one fewer promoting day, Easter occurred in April this yr, in contrast to 2016, probably delaying gross sales for some buyers in the second half of the month. …
Sluggish gross sales in March left stock ranges excessive, with LV inventory of four.15 million models at month-end. The forecasted April stock degree sits at four.16 million models, ensuing in a fourth straight month above the four million mark. The solely time this beforehand occurred was in 2004, when 5 consecutive months surpassed that degree. emphasis added
Looks like an honest month for car gross sales, however general gross sales are principally shifting sideways.
SOURCE: Calculated Risk – Read complete story here.