US Auto Sales to Fall in April on Tight Inventories, Rising Rates: Data

US Auto Sales to Fall in April on Tight Inventories, Rising Rates: Data
Ford pickup trucks for sale in Carlsbad, Calif., on Sept. 23, 2020. Mike Blake/Reuters
Reuters
Updated:

U.S. new vehicle sales is expected to fall in April, as low inventories and rising interest rates boost prices amid high demand, consultants J.D. Power and LMC Automotive said.

U.S. retail sales of new vehicles in April could fall 23.8 percent to 1.1 million units from a year earlier, according to a report released by the consultants on Wednesday.