U.S. car sales seen higher, boosted by tax refunds

Newswire

By Michael Ellis DETROIT, April 30 (Reuters) - Credit the tax man for strong U.S. car sales. Consumers flush with cash from higher tax refunds and lower home mortgage rates pushed U.S. new car and truck sales up 3 to 5 percent in April to the strongest levels since December, analysts said. "Following unprecedented tax cuts, consumers have enjoyed an unusually good refund season," Goldman Sachs analyst Gary Lapidus said. "This should provide an incremental boost to car sales both in ...

Premium Content (PAID Subscription Required)

"U.S. car sales seen higher, boosted by tax refunds" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×