TrueCar Sees April Car Sales Rising 3.2%, Boosted By Early Easter

By Markets MarketWatch Pulse

TrueCar Inc. said Wednesday that April car sales are set to rise 3.2%, boosted by an early Easter. The car-shopping site said it expects total new vehicle sales to reach 1.5 million units in the month, up 3.2% from a year ago and the best volume month since 2000. The seasonally adjusted annualized rate for total light vehicle sales is expected to rise to 17.4 million units from 16.8 million a year ago. "April is typically a transitional month wedged between higher-volume March and May, but this year dealerships appear to have benefited from an early Easter that fell in March," said Eric Lyman, TrueCar's vice president of industry insights. The biggest sales gain is expected to come from Honda Motor Co., which is on pace for a volume gain of 10.3%, said TrueCar. Nissan is set to take second place with a 9.1% gain, followed by Subaru with an 8.2% gain.

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