April has yet to come to an end, but TrueCar.com has already announced its predictions for the month in new car sales. Overall, the first full month of spring has proven to be a fruitful one for the auto industry, with the sale of new cars expected to rise nearly 11 percent across the segment.
Sales of light vehicles in the U.S. are expected to grow 10.7 percent from the same month last year, although they will likely be down about 9.8 percent from March 2013. However, total retail sales of all automobiles have increased 4.2 percent from April 2012 and a whopping 20.2 percent from last month.
While several top manufacturers are seeing their numbers drop from March, they are also dropping incentives, which help increase revenue.
"Automakers were able to increase sales this month while keeping incentive spending relatively flat thanks to more favorable market conditions," said Kristen Andersson, an analyst for TrueCar.com. "Toyota experienced the largest drop, bringing their incentive spending levels to the lowest in almost two years."
Drivers may not have incentives, but they are capitalizing on long warranties that cover any necessary car tune up or car repair, which can help save money in the long run.