Automakers report healthy April sales led by SUVs, trucks
DETROIT (AP) — America’s love of trucks and SUVs helped push most automakers to healthy sales gains last month as Ford reported record SUV sales and Nissan posted its best April ever.
Nissan’s sales rose 12.8 percent for the month to 123,861, while Fiat Chrysler posted a 6 percent gain to nearly 200,000 and Ford’s sales rose 4 percent to just over 231,000. General Motors, which is cutting back on low-profit sales to rental car companies, posted a 3.5 percent decline to just under 260,000.
Ford Motor Co. sold more than 65,000 SUVs, the best April in company history, led by the Explorer with a 22 percent increase. At Nissan Motor Co., cars and SUVs pushed sales up, while Fiat Chrysler was led by a 17 percent increase in sales of Jeep SUVs. It was FCA US LLC’s best April since 2005.
Analysts expect U.S. sales of new cars and trucks to be up 4 percent over last April when companies are done reporting figures on Tuesday. Car-buying site Edmunds.com predicts April sales of more than 1.51 million, beating the previous record for the month set in 2005.
Most major automakers were expected to see sales increases except for GM and Volkswagen AG, which is struggling with an emissions cheating scandal.
The strong showing for April — traditionally a month of calm before the hot summer selling season — indicates that 2016 could be another record year for the U.S. auto industry, said Jessica Caldwell, Edmunds’ director of industry analysis. U.S. auto sales hit a record of 17.5 million last year.
As sales reach those historic peaks, however, the overall pace of growth is slowing. Two years ago, for example, April sales jumped 8 percent, or double last month’s expected pace. J.D. Power and Associates predicted that April sales this year would run at an annual rate of 17.6 million.