April’s new-vehicle sales pace is forecast to reach approximately 16.4 million, up 0.4 million from last April’s 16 million pace but down from March’s surprising 17.8 million level.

• The new-vehicle sales volume is expected to reach 1.395 million in April, up 4.6% year over year but down 12% from last month.
• A surge in “pre-tariff” buying is negatively impacting inventory levels, which will likely push prices higher in April and keep stronger sales growth in check.