We’ve got for you a new forecast, and we are afraid it’s not a positive one. Expect the new car sales in U.S. to drop 3.1% in April to 1.445M units. Sales for mid-size SUVs/crossovers are expected to be 8%, while compact and small car sales are seen falling.
Mid-size SUVs appear to have the largest impact in swaying consumers from buying mid-size cars and minivans, both of which are down 20 percent this year. The 2017 calls for U.S. auto sales might be approximately in the range of 16.8M to 17.3M units, which represents a 1% to 4% decline from last year.
Here’s what we might see when the April vehicle sales get revealed:
General Motors: -0.7% Y/Y to 258K units, market share of 17.9%.
Ford: -5.5% to 217K, market share of 15.0%.
Toyota: -4.8% to 201K units, market share 13.9%.
Fiat Chrysler Automobiles: -5.8% to 178K units, market share of 12.3%.
Honda: -4.6% to 142K units, market share 9.8%.
Nissan: -0.7% to 123K units, market share 8.5%.
Subaru: +5.2% to 53K, market share of 3.7%