Strong demand for SUVs and pickups pushed April auto sales back on track in the United States, following a disappointing pace in March.
Even if the total auto sales in the United States rose around 3 percent in March to 1.6 million vehicles, the annualized rate adjusted for seasonal trends fell to around 16.6 million, below estimates for that month. But April brought back optimism, after light-vehicle sales increased 3.5 percent to 1.506 million in April, a record for the month, with the seasonally adjusted sales rate coming in at 17.42 million. The automotive industry stays on a solid pace, as the growth drivers are still the same factors, such as low gasoline prices, good finance deals and a stable national economy, according to analysts. So far, US sales have grown by 3.3 percent to 5.593 million and a new record is highly probable at the end of the year.
Among the best sales performers last Month, Honda posted a 14.4 percent jump to 148,829 vehicles, Nissan surged13 percent for its third double-digit gain of 2016 to 123,861 units, Fiat-Chrysler rose by 5.6 percent to hit 199,631 cars – helped by 17 percent boost of its Jeep brand, while Ford reported sales growth of 4 percent, or 231,316 vehicles for April. Toyota also helped the trend with 211,125 vehicles, 0,2 percent up. Even if General Motors had the largest volume of 259,557 vehicles, it was the only US automaker who went below par last month, posting a 4 percent drop.
Via Automotive News