Monday, April 25, 2016

Vehicle Sales Forecast: "April Sales to Return to 17 Million SAAR Trend"

by Bill McBride on 4/25/2016 03:15:00 PM

The automakers will report April vehicle sales on Tuesday, May 3rd.

Note:  There were 27 selling days in April, up from 26 in April 2015.

From WardsAuto: Forecast: April Sales to Return to 17 Million SAAR Trend

WardsAuto forecast calls for U.S. automakers to deliver 1.52 million light vehicles in April, a record-high volume for the month.

The report puts the seasonally adjusted annual rate of sales for the month at 17.6 million units, well above last month’s 16.5 million and year-ago’s 16.7 million.
...
The monthly volume will be 5.0% above last year. Beyond an extra selling day, this April lacks the Easter holiday, allowing full sales over five weekends.
emphasis added
From J.D. Power: New-Vehicle Retail Sales Won’t Grow in April; Revised Full-Year Forecast Calls For Modest Increase Over 2015
Total light-vehicle sales in April are expected to reach 1,523,000, up 1% on a selling-day adjusted basis from 1,452,241 from a year ago and the strongest total sales in April on record.

The SAAR for total sales is projected at 17.6 million units in April 2016, up 0.8 million units from 16.7 million a year ago.
Looks like a strong month for vehicle sales.