Motor vehicle sales put the brakes on in April, according to a Motor Intelligence report (link opens in Excel) released today.
Total car sales clocked in at a seasonally adjusted annual rate of 14.92 million units, 2.3% lower than March's numbers. A 4.2% drop in car sales was the primary reasons for April's slump, but truck sales growth also went red for the first time in 2013, down 0.4%.
Sales look slightly better on the domestic front, down 1.9% for April. At a seasonally adjusted annual rate of 11.86 million units, U.S. sales account for around 80% of total sales. Car sales dropped 4.3% from March to April, while truck sales remained steady. Import sales of cars and trucks dropped 3.8% and 3.7%, respectively.
Looking back over the last 12 months, domestic sales have soared 10.2% while imports slumped 8.9%. Domestic truck sales are up 13.4% for the largest gains, while sales of imported cars have fallen 13.3%.
Motor Intelligence is part of Autodata Corp., providing automotive statistical data, market intelligence, and analysis.
The article Vehicle Sales Slump 2.3% in April originally appeared on Fool.com.
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