US new-car market growth faces a perfect storm in April, as a combination of factors threatens to disrupt sales. The ongoing global semiconductor shortage continues to plague the industry, with many manufacturers still struggling to meet demand for the essential components. Meanwhile, a surge in inflation and rising interest rates are making new vehicles more expensive for consumers, potentially dampening demand. Additionally, a recent slowdown in consumer spending and a shift towards used car purchases may also contribute to a decline in new car sales in the US market, making April a crucial test for the industry's resilience.
US new-car market growth impacted by multiple factors in April Autovista24
