New Car Sales Expected to Climb in April
April 28, 2014—New vehicle sales are expected to rise 10 percent year over year to a total of 1.415 million units in April and an estimated 16.3 million seasonally adjusted annual rate, according to Kelley Blue Book.
Kelley Blue Book said the increase would bring the year-to-date total to 5.15 million units sold, a 3.6 percent increase from this time last year.
“Following a big rebound in March, Kelley Blue Book expects April to continue with another solid month of sales, which will be supported by rising consumer confidence and improving employment conditions," said Alec Gutierrez, senior analyst for Kelley Blue Book. "Sales also are supported by improved credit availability, low interest rates and attractive lease offers. Leasing has accounted for approximately 25 percent of all retail sales so far this year, a trend which is supported by a continued strong outlook for used-car values along with low interest rates."