EXCLUSIVE: USA: Lower April sales surprise analysts
April US light vehicle sales caught industry analysts by surprise. Instead of the 3-5% percent volume increase they believed would be driven by tax refunds and incentives, the total came to about 1.423 million units, an increase of 0.8%, based on manufacturers reports. Instead of the predicted 16.9 million-unit seasonally adjusted annual sales rate, the actual rate was looking more like 16.4 million cars and light trucks.
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