With an extra selling day compared to the same month one year ago, auto sellers in America had the chance to improve their numbers in April. Subaru, the two Korean brands, and Nissan all managed that feat, while the likes of Fiat Chrysler and Toyota did not. Honda, for one, was roughly flat.
It all adds up to a softening market impacted by rising transaction prices and higher borrowing costs. At this rate, there’s a very good possibility that total light-vehicle sales in this country will drop below 17 million this year for the first time since 2014.
China’s CAAM released April sales today, and as indicated by GM’s good April showing, results are good. Sales of all automobiles are up 13.38 percent to 1,841,700 in April. Treat other reports with caution, many are the usual confusion of passenger vehicles and all cars. In China, there is a huge difference. (Read More…)
When April sales data came out, a lot of noise was made of the shift towards gasoline-sipping small cars. Shrill voices feted sales of electric cars, which look like a rounding error, as a win in the war on terror. As so often, the truth is different. The new cars that hit the road in April get, on average, slightly less mileage (23.3 mpg) than those sold in March (23.4 mpg). If the war on terror would honestly be waged on dealer lots, then the true heroes would be foreign mercenaries, with Americans occupying rear echelon slots. (Read More…)
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