New car sales fall in April in the face of rising costs and interest rates

Sales numbers are still filtering in for the month of April, but it's clear that overall figures will be down when compared to the same period a year ago. "April sales were a bit dampened by the harsh financing conditions we've been seeing in the new car market," according to Jessica Caldwell, Edmunds' executive director of industry analysis. Edmunds reports that the average price of a new car is expected to climb to $36,718 in April once all the numbers have been tallied.