U.S. new car and truck sales dropped in April from last year's levels, lead largely by a decline by the Big 3.
Analysts expect sales to come in at a seasonally adjusted annual rate of around 16.5 million light vehicles, up from a low of 15.3 million in February, but down from the 17.2 million rate of April last year.
General Motors fell 4.9 percent from April 2002, while Ford dropped 3 percent. DaimlerChrysler, which includes Mercedes, fell 6.4 percent.
The largest Asian automakers faired better, with Honda posting a 15.6 percent increase from last April, and Toyota increasing by 3 percent. Nissan remained relatively flat.
Mitsubishi and Mazda dropped 17.5 and 8.8 percent respectively. Subaru was up 2.6 percent.
|April||April||Pct.||4 mos.||4 mos.||Pct.|
|Ford Motor Co.***||297,623||306,776||–3.0||1,110,758||1,135,128||–2.1|
|Numbers in this table are calculated by Automotive News based on actual monthly sales reported by the manufacturers and may differ from numbers reported elsewhere. |
Source: Automotive News Data Center
Note: Other includes estimates for Ferrari, Lamborghini and Lotus
*2003 includes Mini and Rolls-Royce; 2002 includes Mini
***Includes Aston Martin, Jaguar, Land Rover and Volvo
Includes Honda Division and Acura
Includes Hyundai and Kia
Includes Nissan Division and Infiniti
Includes Toyota Division and Lexus
2003 includes VW, Audi and Bentley; 2002 includes VW, Audi, Rolls-Royce/Bentley