Sunday, February 26, 2017

Vehicle Sales Forecast: Sales Over 17 Million SAAR in February

by Bill McBride on 2/26/2017 07:46:00 PM

The automakers will report February vehicle sales on Wednesday, March 1st.

Note: There were 24 selling days in February 2017, unchanged from 24 in February 2016.

From WardsAuto: Forecast: U.S. February Sales to Reach 16-Year High

A WardsAuto forecast calls for U.S. automakers to deliver 1.34 million light vehicles in February, a 16-year high for the month. A daily sales rate of 55,949 units over 24 days represents a 0.1% improvement from like-2016 (also 24 days).

The report puts the seasonally adjusted annual rate of sales for the month at 17.70 million units, compared with year-ago’s 17.60 million ...
emphasis added
From Kelley Blue Book: February New-Car Sales To Fall 3 Percent Year-Over-Year; Sales Pace For Industry Is Healthy, Sustainable, According To Kelley Blue Book
- New-vehicle sales are expected to decrease 3 percent year-over-year to a total of 1.3 million units in February 2017, resulting in an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to Kelley Blue Book...
And from J.D. Power: Despite Record Incentives, Auto Sales Expected to Show Only Modest Gain
Total vehicle sales in February are expected to be similar to a year ago while incentives remain at record levels, according to a forecast developed jointly by J.D. Power and LMC Automotive [17.7 million SAAR].
Looks like another strong month for vehicle sales, but incentives are at record levels and inventories are high.