U.S. motor vehicle sales likely to have risen in April, consumption to rebound in Q2 – Barclays

The U.S. motor vehicle sales for April is expected to have come in at 16.9 million at an annual rate after the April sales of Ford, GM, Fiat Chrysler, Nissan and Toyota, noted Barclays in a research report. This is not a final number as many huge firms have yet to report April sales.

But even at 16.9 million, vehicle sales are lower than the eve-of-the-release forecast of 17.1 million, stated Barclays. But they continue to be consistent with the longer-term view on motor vehicle sales and represent a sequential rebound from the 16.5 million units sold in March. These levels are also in line with the view that consumption is expected to recover in the second quarter at 2.5 percent, added Barclays.