US LV sales down 5 percent in April, SAAR remains strong
IHS Markit perspective
- Implications: After showing some spring in March 2018, US light-vehicle sales are estimated to have declined 5.0% y/y in April 2018. Year to date, light-vehicle sales remain flat, up 0.1%. The change was impacted by two fewer selling days and one less weekend on the April sales calendar. Please note: All industry-level numbers in this report are estimates, owing to the absence of official GM information.
- Outlook: Light vehicle demand in April saw volume contraction, though SAAR (seasonally adjusted, annual rate) is expected to have held at 17.1 million units, a strong result, if lower than March 2018’s result. Consumers seem to be remaining steady amidst government policy news and stock market volatility. IHS Markit does expect a weaker second quarter, and some ongoing month-to-month volatility for SAAR and volume, and maintains its full year sales projection of 16.9 million units.
Read the full article
The above article is an excerpt from AutoIntelligence Daily by IHS Markit. AutoIntelligence Daily provides same-day analysis of automotive news, events and trends. Get a free trial and read the full article.
- ASEAN light-vehicle production to grow in 2019
- Changshu city pushes for hydrogen vehicle development
- Brazilian light-vehicle registrations increase in 2018, exports drop
- Shanghai's NEV registrations hit new high in 2018
- UK passenger car registrations slide 1.6 percent during January
- Super Bowl automotive advertising continues to decline
- Premium CUVs poised for sales growth in US
- Idle plants call for supplier action