Boding not well for the Chinese market, our patent pending China sales oracle GM China reports 4.6 percent fewer sales in April than in April 2010.

Well, actually GM does not report that. Reuters does. (Read More…)

Checking dealer transactions for the first half of April, Edmunds sees cars selling at a fast clip. Dealers are all smiles: Average prices are going up, cars are flying off the lot, and the “average days to turn”  – industry speak for the time the dealer sits on a car until it moves – fell more than 10 percent since the beginning of April, from 58 days to 52. If the rest of April behaves similarly, Edmunds sees a seasonally adjusted annual rate (SAAR) of 14.1 million in April. Party time. The festivities could be premature, Edmunds warns. (Read More…)