April US vehicle sales deliver a SAAR surprise

US light vehicle sales dipped again in April, down 2.3% year on year to about 1.33m cars and light trucks. After four months, deliveries are 3% behind the January-April period in 2018. The seasonally adjusted annualised rate (SAAR) slumped to 16.41m units and both total volume and SAAR were well below analysts' forecasts.

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