New Car Inventory Hits Two-Year High Featured

By Staff Writer April 25, 2019 479

Edmunds forecasts that 1,357,024 new cars and trucks will be sold in April for an estimated seasonally adjusted annual rate (SAAR) of 16.8 million vehicles.

This reflects a 16.2 percent decrease in sales from March, but a 0.3 percent increase from April 2018.

Pickup sales were a bright spot. According to Edmunds data, market share for pickup trucks is expected to reach 17 percent, the highest April level since 2005.

In spite of strength in the truck segment, slowing new vehicle sales overall are causing vehicles to stack up on dealer lots. Inventory levels in April are expected to hit above 4.1 million, reaching their highest level since June 2017.

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Last modified on Thursday, 25 April 2019 00:20