Thursday, March 24, 2016

Vehicle Sales Forecast: Sales to Reach All Time High for the Month of March

by Bill McBride on 3/24/2016 02:00:00 PM

The automakers will report March vehicle sales on Friday, April 1st.

Note:  There were 27 selling days in March, up from 25 in March 2015.

From WardsAuto: Forecast: March Sales Set to Hit Record-High

A WardsAuto forecast calls for U.S. automakers to deliver 1.7 million light vehicles this month, a record high for March and the largest volume for any month since July 2005’s 1,804,240 units.

The forecasted daily sales rate of 61,727 over 27 days is a best-ever March result. This DSR represents a 0.2% improvement from like-2015 (25 days), while total volume for the month would be 8.2% greater than year-ago. If deliveries meet or exceed WardsAuto’s expectations, March will be the eight consecutive month to outpace prior-year on a DSR basis.
...
The report puts the seasonally adjusted annual rate of sales for the month at 17.3 million units, below the 17.4 million SAAR from the first two months of 2016 combined, but well above the 17.1 million SAAR from same-month year-ago.
emphasis added
Looks like another strong month for vehicle sales.