Total vehicle sales, however, will decline slightly on a selling day basis.
New vehicle retail sales are projected to increase compared to last year, while overall sales including fleet transactions will be down.
Total new-vehicle sales for April 2024, including retail and non-retail transactions, are projected to reach 1,304,600 units, a 0.9% decrease from April 2023 on a selling day adjusted basis, according to a joint forecast from J.D. Power and GlobalData. April 2024 has 25 selling days, one fewer than April 2023.
The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.6 million units,
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