Coronavirus pandemic tanks US auto sales in April
A customer looks at a newly purchased Toyota Motor Corp. vehicle at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020.
George Frey | Bloomberg via Getty Images
The coronavirus pandemic caused drastic declines in U.S auto sales in April, according to industry data released Friday.
Automakers such as Toyota Motor and Honda Motor reported sales last month were cut in half compared with April 2019, as dealerships across the country were forced to limit or close showrooms and consumers stayed away due to stay-at-home or shelter-in-place orders.
Toyota and Honda led the declines with sales plummeting about 54% each last month. Hyundai Motor reported a 39% drop in its U.S. sales, while sister company Kia Motors reported a 38.3% decline compared with a year ago. Mazda Motor said sales declined 44.5% for the month. …continued .
[Source: CNBC News]