April U.S. auto sales are predicted to top a recent forecast, thanks to higher inventories and a “healthy dose” of fleet sales, which are sales to rental-car and other companies.
“Solid year-over-year gains” from car makers such as Honda JP:7267, Hyundai KR:005380, Kia KR:000270 and Subaru FUJHYlikely led new-car sales higher, Cox Automotive said Wednesday. Ford Motor Co. F and General Motors Co. GM are likely to have tallied year-over-year gains in April as well, the analysts at Cox said.
Cox…
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