NEW YORK: The big auto companies sold cars in the US at an annualized rate of around 16.46 million units in April.
Autodata, another provider of auto sales estimates, estimated the pace slowed to 16.45 million.
This was down from 17.05 million in March, and it was worse than the 16.90 million forecast by analysts.
Ford, Fiat Chrysler, Toyota, and Nissan all reported growth in April, but all of them missed expectations.
Honda unexpectedly saw sales fall.
For the most part, analysts were looking for a slowdown after the post-winter spike in March.
“The boost to sales from the easing of winter-weather disruptions likely ran its course by April, but we don’t expect too much of a decline, owing solid consumer demand,” Bank of America Merrill Lynch analysts said earlier this week. “A healthy pace of hiring and a relatively subdued gasoline price are also helping to keep autos sales supported.”
Here’s our running tally of the automakers that have announced:
- Ford: +5.4% (+6.1% Estimated)
- GM: +5.9% (+5.3% Est.)
- Fiat Chrysler: +5.8% (+7.6% Est.)
- Toyota: +1.8% (+5.8% Est.)
- Honda: -1.8% (+2.1% Est.)
- Nissan: +5.7% (+9.0% Est.)
- BMW: +9.6%
- Mercedes Benz: +8.2%
- Subaru: +18%
- Mitsubishi: +25.6%
- Mazda: +7.5%
