April NADA Market Beat
The U.S. automobile industry sold 1.3 million light vehicles in April 2013 – up 8.4 percent from a year ago and down 11.6 percent from March 2013. April 2013 YTD figures bring total light vehicle sales to just under 5.0 million units – up 6.9 percent from a year ago.
The April 2013 Seasonally Adjusted Annual Rate* (SAAR) for light vehicle sales is 14.9 million units which is the lowest recorded SAAR for this year although it exceeds the April 2012 SAAR of 14.1 million units.
In April 2013 YTD figures, car sales were up 3.0 percent from a year ago and have held a market share of 50.4 percent while light truck sales were up 11.2 percent from a year ago and have held a share of 49.6 percent of the market.
For full details, read NADA Market Beat.
|* SAAR (Seasonally Adjusted Annual Rate) is a term used in the industry to depict the selling rate of vehicles for a particular month. For example, a SAAR rate of 14 million for a particular month indicates that the industry was on pace to sell 14 million vehicles on an annual basis. |