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.

Carvana Co. launched as-soon-as-next-day vehicle delivery to Colorado Springs, Boulder, Fort Collins and Greeley area customers.

Launching in Colorado Springs, Boulder, Fort Collins and Greeley, Carvana now offers as-soon-as-next-day vehicle delivery in five markets in the state and 122 markets across the U.S.

The company has been launching in multiple markets on the same day since the start of the year.

Cox Automotive has invested in Fyusion, a 3D image provider.

With Fyusion, Manheim enables dealers to take advantage of 360-degree interactive viewing capability, which is integrated into the Manheim Express app. Fyusion and Manheim also are planning future innovations that will bring more artificial intelligence and improved objectivity to condition reports.

Beyond Manheim, Fyusion is partnering with other Cox Automotive brands to differentiate the client experience in the digital marketplace.

A new survey of more than 1,200 small business owners by an online lender finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses.

Forty-one percent of small businesses expect no change and 21 percent said they expected the tax cuts to have a negative impact on their business. 

The OnDeck survey indicates that 88 percent of small business owners are continuing to invest in their businesses, with 43 percent of respondents saying they would be investing more as a result of the tax cuts, while 45 percent said they would continue to invest the same. 

CARS Recon Inc. announced the appointment of Jay Cadigan as non-executive board director.

Cadigan has over 40 years of remarketing experience.

Previously he served as vice president of industry relations and market vice president for Florida and Puerto Rico at Manheim. Prior to this, Cadigan was president of sales and operations for General Motors and Avis Budget Group and general manager for Skyline Auto Exchange.

Cadigan was inducted into the National Auto Auction Association’s Hall of Fame in 2015. Additionally, he earned Ring of Honor recognition from the National Independent Automobile Dealers Association in 2016 and was named the Remarketer of the Year in 2015.

Currently, Cadigan serves as the executive vice president at NAAA and sits on the executive committee and board of directors of both the NAAA and Eastern Auto Auction Association.

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