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.