Auto Sales Rise Month-over-Month Featured

By Staff Writer March 29, 2019 614

Following a lower-than-expected February, Cox Automotive is forecasting March U.S. auto sales volume to hit 1.547 million, an increase from February.

Sales remain down nearly 7 percent from March 2018. The seasonally adjusted annual rate (SAAR) of sales is forecast to be 16.8 million units, up from February’s sales pace of 16.5 million, but down from last year’s 17.2 million pace. 

Even with healthy March sales, the sales rate in the first quarter of 2019 is expected to be 16.7 million units, below the 17.1 million sales rate achieved in the first quarter of 2018. 
The number of selling days is one less this year, 27 versus 28 last year, which increases the seasonal adjustment applied in the SAAR.

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Last modified on Friday, 29 March 2019 12:33