April 2024 U.S. Auto Sales

Auto sales for April 2024 are in the books, at least from the automakers that still report sales on a monthly basis.  From those car companies, sales were off just slightly, less than 2% from April of 2023.  However, the actual picture could be different if we could see all the automakers’ numbers.  A spot check of many of our CarPro Certified Dealers showed business was actually quite good last month in new, but most reported used car sales were down from a year ago.  This is to be expected with new vehicle inventories peaking, as well as increased factory incentives.

The shining star was Toyota with sales up 15%, on the strength of more hybrid vehicles being available for sale.  Hyundai and Kia were off 3% and 4% respectively, and it is a little bit of a mystery as to why.  Acura was off 21%, the largest decrease of the reporting car companies.

Note:  There was one less selling day in April of 2024 versus April of 2023, and that one day can make a big difference in the numbers.  The other big factor was a decrease in fleet sales, something applauded by the new car dealers.