U.S. new vehicle sales is expected to fall in April, as low inventories and rising interest rates boost prices amid high demand, consultants J.D. Power and LMC Automotive said.
U.S. retail sales of new vehicles could fall 23.8% to 1.1 million units in April from a year earlier, according to a report released by the consultants on Wednesday.
Rising interest rates also pose a threat to current transaction prices, with the average interest rate for loans in April expected to increase 33 basis points from a year ago to 4.61%, the consultants said.
France Dernières Nouvelles, France Actualités
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