U.S. auto sales show signs of life after coronavirus devastated March, J.D. Power says

Filed under: Earnings/Financials,Car Buying,Car Dealers,Used Car Buying

Retail sales stabilized during the first two weeks of April and are now showing signs of recovery, the analysts said. J.D. Power, which receives extensive sales data from U.S. auto dealerships, compares actual sales to its pre-virus forecast for the industry. "For the week ending April 19, retail sales were down 48% from the pre-virus forecast, an improvement of 3 percentage points from the week ending April 12," J.D. Power analyst Tyson Jominy said.

Continue reading U.S. auto sales show signs of life after coronavirus devastated March, J.D. Power says

U.S. auto sales show signs of life after coronavirus devastated March, J.D. Power says originally appeared on Autoblog on Wed, 22 Apr 2020 19:45:00 EDT. Please see our terms for use of feeds.

Permalink |  Email this |  Comments

from Autoblog https://ift.tt/2x4MKF0