April Sees Weak U.S. Car Sales

Credit: Wochit Business
Published on May 6, 2019 - Duration: 00:38s

April Sees Weak U.S. Car Sales

After slower U.S. light-vehicle sales in January and February, there was a jump in March, and some industry observers thought it would carry into April.

It didn't.

An auto sales phenomenon known as the "spring bounce," when some Americans decide to use tax refund checks as down payments on new vehicles, or just generally get an itch for a new car or truck with the improved weather, appeared to have fallen flat in April.

New-vehicle sales dropped 2.3 percent last month to 1.33 million.

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