by Bill McBride on 2/26/2017 07:46:00 PM
Sunday, February 26, 2017
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).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
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 ...
- 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.
Posted by Bill McBride on 2/26/2017 07:46:00 PM