March forecast calls for one of the strongest U.S. sales months ever

[jpd80]

Autonews.com

Because the month has two more selling days than March 2015, the industry’s seasonally adjusted,

annualized selling rate is likely to be lower than February’s rate of 17.53 million. The SAAR projections

for March range from 17.2 million to 17.3 million, compared with 17.12 million a year ago.

 

March would be the 11th consecutive month with a SAAR of more than 17 million.

 

If the forecasts are accurate, first-quarter deliveries will total more than 4.15 million cars and light trucks,

the best start to a year since 2000.

 

 

Incentives are up double digits at Volkswagen Group of America, Toyota Motor Sales U.S.A. and all three Detroit

automakers, including a 29 percent jump for General Motors, TrueCar said. It said American Honda, Hyundai and

Subaru have cut incentive spending this month.

 

In spite of the higher discounts, the forecasts all show market share declining for

GM, Toyota and Volkswagen.

 

Honda, Nissan, Ford and Fiat Chrysler Automobiles all are expected to gain ground this month.

 

So will this be the month that F Series and the Utilities really surge.

 

Edited March 26, 2016 by jpd80

[jpd80]

From Seeking Alpha

 

 

U.S. auto sales forecast to increase 8% in March

Mar 29 2016, 07:48 ET | By: Clark Schultz, SA News Editor

Kelley Blue Book forecasts new car sales in the U.S. will increase 8% Y/Y in March to 1.66M units.

Two extra selling days in March will factor into the year-over-year comparisons. In a bit of a warning,

the research firm notes that incentive spending is on the rise in the industry.

Forecasts by major manufacturers are posted below.

• General Motors (NYSE:GM): +5.7% Y/Y to 264K units, market share of 15.9%.
• Ford (NYSE:F): +9.5% to 257K, market share of 15.5%.
• Toyota (NYSE:TM): +5.8% to 239K units, market share 14.4%.
• Fiat Chrysler Automobiles (NYSE:FCAU): +14.1% to 225K units, market share of 13.6%.
• Nissan (OTCPK:NSANY): +9.6% to 159K units, market share 9.6%.
• Honda (NYSE:HMC): +13.2% to 143K units, market share 8.6%.
• Hyundai/Kia (OTC:HYMLF): -3.6% to 129K, market share 7.8%.
• Subaru (OTCPK:FUJHY): +7.9% to 53K, market share 3.2%.
• Volkswagen/Audi (OTCPK:VLKAY): -10.5% to 46K, market share 2.8%.