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Decreased Auto Sales Skew Overall Retail Sales Figures

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May 13th, 2008 by Liz Opsitnik

The Commerce Department reported today that retail sales have decreased by 0.2% in April.  But, if you take out auto sales, the retail sales number actually increased by 0.5%. 

Retail store sales, excluding auto sales, beat the projected percentage increase, reports CNNMoney.com.  Sales were projected to increase 0.2%, so the 0.5% increase definitely surpassed that mark.

It seems consumers were buying things like gas and groceries during the month of April, they just weren’t buying cars.  This could result in a surplus of vehicles on the lots in May, so now could be the time to get a good deal.


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