U.S. new vehicle sales in March are expected to decline significantly, but April could be much worse due to social distancing. “When you look at March, we basically lost half the month,” said Eric Lyman, chief industry analyst at TrueCar.com. The company has forecasted a sales decline for March of 37 per cent, and Lyman said sales in April could drop 50-60 per cent. Cox analyst Michelle Krebs also said “April will be just as dismal.” (Source: Autoblog) Read the original story…
Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.
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