American April Auto Sales Anticipated As Amazing
Speaking of April sales, American automakers and industry watchers are expecting a jump of nearly Chinese proportions when April sales will be announced on Monday. Easy: We are comparing with an April of 2009, when everybody assumed we’ll never buy a car again.
A Thomson Reuters poll of 12 economists sees U.S. April auto sales to rise more than 20 percent for a seasonally adjusted annual rate of 11.4 million units. In April 2009, SAAR stood at 9.3 million.
Bloomberg goes out on a limb and predicts that Chrysler may post a 15 percent plus, reflecting its biggest monthly gain since 2005.
The consensus of analysts polled by Bloomberg agrees with the Reuters poll. Bloomberg’s oracles predict a whopping 34 percent rise for Toyota, a jump of 28 percent for Ford, and a tepid 7.2 percent increase for GM.
Honda is predicted to be up 15 percent, Nissan is presaged to skrocket by 57 percent. Hyundai may increase 35 percent.
However, the annualized sales rate is a far cry from the 16m before the recession, a number that may not be reached anytime soon.