April 2012 Auto Sales Recap
Auto sales in the month of April were 1.1 million units. This was an increase of 2.3% from April 2011. The SAAR* for the month was 14.4 million. While sales increased year-over-year, sales in April were down 219,000 units from March sales. The 2.3% sales increase was the smallest increase since July 2011.
Highlights
• Toyota/Lexus market share rebounded in April to 15.1%, up 1.3 points from a year ago on volume of 178,000 units.
• The Toyota brand share in April was 13.6%, up from 12.3% a year ago.
• The Toyota Prius sold 21,411 units in the month, up from 12,477 a year ago.
• European manufacturers captured 9.6% of the industry in April, up 1.1 points from a year ago.
• VW sales increased by 27% in the month of April.
• Automotive News reported that incentive spending on a per vehicle basis was $2,446 in April, down 5% from March.
• Sales of cars made up 52.4% of the industry in April.
Need more detail? View NADA's Monthly Sales Recap reports, NADA's Dealership Financial Profiles and Paul Taylor's Monthly Economic Update.
| * 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 13 million for a particular month indicates that the industry was on pace to sell 13 million vehicles on an annual basis. |