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April car sales slow down as consumer demand continued to weaken

01 May 2018
56 comments
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April car sales slow down as consumer demand continued to weaken

As consumer demand continued to weaken, the most powerful automakers have revealed their car sales for April 2018, and the results weren’t as good as expected. Auto sales have been on a bit of a roller coaster ride this year, with a weak performance in February followed by a jump in sales for some automakers in March.

Ford Motor posted a 4.7-percent decline in sales, with retail sales to consumers down 2.6 percent. The No. 2 U.S. automaker said sales of its popular pickup trucks were up 0.9 percent, but SUV and passenger car sales were down 4.6 percent and 15 percent respectively.

Nissan Motor's sales hit quite a bump, plunging 28 percent in April. The Japanese automaker's passenger cars dropped nearly 35 percent and SUV and truck sales were down 23.1 percent. Even sales of the company's popular SUV crosover model Rogue were down almost 15 percent.

Fiat Chrysler Automobiles posted an overall sales increase of 5 percent in April. But retail sales to consumers were down 1 percent while lower-margin fleet sales to rental car companies and government agencies were up 5 percent.

Toyota posted a 4.7 percent decline in sales for April, with a 1.5 percent increase in SUV and pickup truck sales offset by a 12.7 percent drop in passenger car sales.

 

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