Filed under: Car Buying, Earnings/Financials
April showers may result in May's flowers, but it didn't result in great car sales numbers.
Overall, sales in April only climbed 2.3 percent compared to April 2011, leaving some carmakers and observers scratching their head. Of course, the raw numbers, as provided by AutoData Corp., also note that there were three fewer selling days due to that occasional month with five Sundays in it. Imagine the pain people paid on the 1st and 15th had to endure?
So the numbers may not be as bad as a first glance might suggest, and in my opinion, the slow pace of growth is better for automakers. Rather than big ups and downs that leave dealerships empty of popular vehicles and overstocked with others, a steady mild increase means it's easier to match production to demand.
But there are plenty of outliers in the pages of spreadsheets when you look inside the numbers. So here are the 10 things I think I know about the auto industry based on April's sales.
Continue reading Digging Deeper: April 2012 sales figures
Digging Deeper: April 2012 sales figures originally appeared on Autoblog on Fri, 11 May 2012 14:58:00 EST. Please see our terms for use of feeds.
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