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.
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