News Coverage
April Takes a Bit of Air Out of U.S. Car Sales
Monday May 6, 2019
Article Highlights
- New-vehicle sales dropped 2.3 percent last month to 1.33 million.
- Cox senior economist Charlie Chesbrough said that the spring numbers could be deceiving. "I don't think March was as good as the numbers say and I don't think April was as bad as the numbers say," Chesbrough said.
- Considering such high selling rates, Chesbrough said that the downward trend is by no means alarming. "At least not yet," he said. Cox projects a total of 16.8 million sales for 2019.
Automotive News, May 6, 2019 — After slower U.S. light-vehicle sales in January and February, there was a jump in March, and some industry observers thought it would carry into April. It didn’t.