Wednesday, April 01, 2015

U.S. Light Vehicle Sales increase to 17.05 million annual rate in March

by Bill McBride on 4/01/2015 02:57:00 PM

Based on a WardsAuto estimate, light vehicle sales were at a 17.05 million SAAR in March. That is up 3.8% from March 2014, and up 5.5% from the 16.2 million annual sales rate last month.

From John Sousanis at Wards Auto: March 2015 U.S. LV Sales Thread: Spring Sales Lift SAAR Past 17 Million

U.S. automakers sold 1, 537,820 light vehicles in March, as several automakers posted record sales and European luxury brands largely outperformed expectations.

The results reflected a 4.4% gain in the daily sales rate compared with same-month year-ago, and pushed the industry's light-vehicle SAAR past the 17-million mark for the first time since November.
Vehicle Sales Click on graph for larger image.

This graph shows the historical light vehicle sales from the BEA (blue) and an estimate for March (red, light vehicle sales of 17.05 million SAAR from WardsAuto).

This was above the consensus forecast of 16.8 million SAAR (seasonally adjusted annual rate).

The second graph shows light vehicle sales since the BEA started keeping data in 1967.

Vehicle SalesNote: dashed line is current estimated sales rate.

This was the first time above 17 million SAAR since last November.  A solid month.