April auto sales down 3.9 per cent amid high gas prices, ongoing economic challenges
DesRosiers Automotive Consultants Inc. estimates 178,000 vehicles were sold in April, down 3.9 per cent from last year. Electric vehicle sales cooled off in April but could rebound as Tesla brings back its Model 3 vehicles with a lower price tag.
DesRosiers Automotive Consultants Inc. reports that April auto sales were down 3.9 per cent from the previous year, with an estimated 178,000 vehicles sold. Despite economic challenges and high gas prices, the firm says the selling pace remained reasonable. Electric vehicle sales decreased in April after a resurgence in March, but are expected to rebound as Tesla reintroduces its Model 3 vehicles at a lower price. The federal government's EV affordability program, introduced in February, offered incentives of up to $5,000 on car purchases valued at $50,000 or less, slightly boosting EV sales in March. According to DesRosiers managing partner Andrew King, April sales are more palatable than they initially appear, given trade tensions and high gas prices.
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