U.S. auto sales fell about 4.8% in April on weaker car and fleet volume, but the pace of sales remained strong as the spring selling season continued to unfold with some gusto.
Automotive News reported that the seasonally adjusted annualized sales rate for April came in at 17.15 million, Autodata Corp. estimated, marking the eighth straight month the pace of U.S. sales has topped 17 million.
Overall, seven automakers reported increases — all of them in the single-digit range with the exception of Volvo’s 17% jump. Similarly, most of the biggest automakers recorded single-digit declines, with the exception of Nissan’s 28% drop.
With April in the books, U.S. sales of new cars and light trucks are now up an estimated 0.2 percent for the year.
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