April showed an increase in motor vehicle sales to 10.1 million sales of light motor vehicles; which is up from the previous month’s 9.9 million reading. The import of vehicles declined however, to 3.1 million from 3.2 million. Therefore the combined reading of domestic and imported vehicle sales remained steady at 13.2 million annualized pace. In summary, demand is steady however a firming up of prices and a supply shortage of models from Japan my play a role in future reports.
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