Analysts expect US market to maintain sales pace for six straight months

Article by Anita Panait, on April 30, 2013

Analysts expect the vehicle market in the United States to maintain its strong sales pace for six months in a row, as stronger US housing market and lower fuel prices boosted sales of full-size pickup trucks and compact sport-utility vehicles in April 2013. Gas prices have been declining since February, with the average price of a gallon of regular gasoline in April lower by 8 percent from the same month in 2012.

The housing sector is emerging as a bright spot in the US economy. analyst Jesse Toprak remarked that relatively lower gas prices combined with improving demand for trucks by small businesses led to a strong showing for small and large pickups in April 2013. He expects the trend to continue for the rest of 2013.

According to economists surveyed by Thomson Reuters, the vehicle industry in the US will have an annual selling rate of around 15.25 million vehicles in April 2013, marking the sixth month that the sales rate has held above 15 million.

Carmakers are due to report their US auto sales for April on May 1.  According to Kelley Blue Book, large pickup truck sales in April 2013 surged 26 percent compared to the same month in 2012, the largest increase of any major vehicle segment and more than double the industry's total vehicle sales increase during the month.

Sales of compact crossovers like the Ford Escape and Honda CR-V jumped 23 percent in April.  Trucks and crossovers combined account for almost a quarter of the U.S. auto market in April, KBB data show. Higher truck sales also allowed General Motors Co. to further increase its US market share from 17 percent in March to 18 percent in April.

Topics: united states, sales

If you liked the article, share on:


Login or Create new account to add a comment!


Tesla is making sure that all models under production will receive the necessary advanced hardware that will allow them to be autonomously driven. The fitment of these advanced hardware to...
by - October 27, 2016
Wondering how fast the 2017 Chevrolet Camaro ZL1 in actual driving? To provide customers a good idea on how fast the 2017 Camaro ZL1 could really get, Chevrolet recently had...
by - October 27, 2016
So, it is official! The new Honda Clarity FCV has the longest verified range of any zero-emissions vehicle currently on the road in the United States. One of the main...
by - October 27, 2016
Many have been anticipating Mercedes-Benz Vans’ newest luxury pickup truck, the X-Class. While Mercedes-Benz has yet to reveal the official production version of the X-Class, it was kind enough to...
by - October 27, 2016
We’ve seen quite a lot of intriguing stories in the age of Internet (where the most interesting part was revealed before the story unfolds). Some are from movies and novels...
by - October 26, 2016