by Bill McBride on 3/25/2015 03:28:00 PM
Wednesday, March 25, 2015
The automakers will report March vehicle sales on Wednesday, April 1st. Sales in February were at 16.2 million on a seasonally adjusted annual rate basis (SAAR), and it appears sales rebounded in March to close to 17.0 million SAAR. March sales (SA) will probably be the best since 2005.
Note: There were 25 selling days in March, one less than last year. Here are a couple of forecasts:
From WardsAuto: Forecast: March Sales Spring Forward
A WardsAuto forecast calls for U.S. automakers to deliver 1.52 million light vehicles this month. The forecasted daily sales rate (DSR) of 60,935 over 25 days represents a 3.5% improvement from like-2014 (26 days). ... The report puts the seasonally adjusted annual rate of sales for the month at 16.9 million units, compared with year-ago’s 16.4 million and February’s 16.2 million mark.From J.D. Power: J.D. Power and LMC Automotive Report: New-Vehicle Sales Rebound in March to Highest Levels for the Month since 2005
U.S. total new-vehicle sales in March 2015 are bouncing back from last month and are expected to reach their highest levels for the month in a decade, according to a monthly sales forecast from J.D. Power and LMC Automotive.Looks like a strong month for auto sales.
After winter storms stymied sales in February, total new light-vehicle sales in March 2015 are expected to reach 1,539,600 units, a 4 percent increase on a selling-day adjusted basis compared with March 2014 and their highest levels for the month since March 2005 when 1,572,909 new vehicles were sold. [17.0 million SAAR[