A month ago, upbeat March sales numbers propelled a market surge after they pointed to a consumer hungry to spend after a cold winter. But other data failed to confirm a the theory that consumers were eager to spend and April auto sales show stalled momentum.
Highlights from April US auto sales data so far:
- Ford -0.8% vs +3.1% exp
- GM +6.9% vs +5.7% exp
- Chrysler +14% vs +15.7% exp
- Nissan +18.3% vs +13.6% exp