March Vehicle Sales Forecast: 15.6 million SAAR, Up 5% YoY

From WardsAuto: March U.S. Light-Vehicle Sales Tracking a Steady Course with Potential Upside (pay content).  Brief excerpt:

If the March forecast holds firm, the first quarter will total a 15.5 million-unit seasonally adjusted annual rate, down from Q4-2023’s 15.7 million but up from like-2023’s 15.0 million. However, the forecasted steady climb in inventory should put sales in good stead to rise above 16-million-unit annualized rates for most of the remainder of 2024.
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Click on graph for larger image.

This graph shows actual sales from the BEA (Blue), and Wards forecast for March (Red).

On a seasonally adjusted annual rate basis, the Wards forecast of 15.6 million SAAR, would be down 1% from last month, and up 5% from a year ago.