- Kelley Blue Book forecasts new car sales in the U.S. will jump 10% in April to 1.415M units sold.
- Beyond typical macroeconomic, credit, and interest rates factors - a strong outlook for used-car values is contributing to the pickup in demand.
- The compact SUV/Crossover segment is expected to see the strongest growth. The research firm sees a 22.3% gain as the segment picks up market share over car and truck categories.
- KBB manufacturer sales growth (Y/Y) estimates: Nissan (NSANY) +19.5%; Chrysler (FIATY) +18.1%, Toyota (TM) +15.2%; Honda (HMC) +6.1%; General Motors (GM) +5.2%; Volkswagen (VLKAY) +4.2%; Hyundai (HYMLF) +3.7%, Ford (F) -0.9%.
Kelley Blue Book: U.S. auto sales to rise 10% in April
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