Detroit, Michigan – A total of 1.54m light vehicles were sold in the US in April, the highest number ever sold in the month, according to consultants LMC Automotive.
Compared with April 2020, which was hit by coronavirus lockdowns, there was a 115% rise in sales. These sales were achieved despite parts shortages, lean inventories and the highest prices for April on record.
LMC Automotive puts the surge down to 'stimulus cheques, tax returns and higher confidence.'
'SUVs hit another record share of 55% of the market for the month with compact non-premium SUVs topping all other segments,' said Augusto Amorim, senior manager, Americas vehicles sales forecasts at the group.
LMC Automotive now expects total light vehicle sales in the US will be around 17m units, 400,000 units higher than its previous forecasts. Sales to individuals will drive demand.