With warmer weather already a fact, positive forecasts for U.S. auto sales are in the air.
Predictions are that sales will rise by 9% this April, compared to the same time a year ago.
The forecasts, provided by LMC Automotive and Edmunds.com, say that for a second consecutive month, the industry’s seasonally adjusted, annualized selling rate will be more than 16 million. However, it’s still a bit less than the sales rate in March, which came to 16.3 million.
According to TrueCar.com, in April, light-vehicle sales will reach 1.38 million, a rise by 7.5% compared to April 2013, but 10% down from March 2014.
Jessica Caldwell, Edmunds’ senior analyst said, “April’s numbers suggest that car shoppers are still motivated to buy new cars, erasing any doubts raised by lackluster sales at the beginning of the year. The sales performance the last two months is more in line with what we projected for 2014, and there’s every reason to believe that car shoppers will continue to keep this pace.”
Automakers will report their April sales on May 1.
Read the full story at Automotive News.
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