Report: March U.S. auto sales are expected to increase from last year

Article by Christian A., on March 24, 2011

Research and consulting firm J.D. Power and Associates estimated that total light-vehicle sales will exceed 1.2 million units in March 2011, up 9 percent from March 2010. New-vehicle retail sales alone account for an estimated 991,900 units.

This represents a seasonally adjusted annualized rate of 10.9 million units, an increase by 15 percent from the same period the year before. U.S. auto sales in March 2011 still outpace 2010’s levels despite rising gas prices and inventory uncertainty after the recent Japan earthquake. In all, J.D. Power upped its 2011 first quarter forecast to 10.7 million units from a previously forecasted 10.6 million.

J.D. Power, due to the strength in retail sales, also increased its 2011 retail sales forecast to 10.6 million units, up from 10.5 million. Its estimate for total vehicle sales remains at 13 million units, about 13 percent higher compared to 2010.

In an interview with Automotive News, J.D. Power’s executive director of global forecasting Jeff Schuster, said that March is getting a sales boost because anticipation of inventory shortages is causing buyers to make their purchase decisions earlier.

These customers are going to the dealerships while there still is inventory on the models that may be in short supply. Some of the popular imports that have been affected by the crisis in Japan are the Nissan Rogue, the Honda Fit and the Toyota Prius.

Also, General Motors Co. has suspended production of the Chevrolet Colorado and GMC Canyon small pickups at its Shreveport, La., assembly plant due to parts shortages from Japanese suppliers.

Topics: united states, sales

If you liked the article, share on:

Comments

Recommended

One of the executives at Volkswagen tagged in the so-called Dieselgate scandal has pleaded not guilty to a list of allegations surrounding the carmaker’s actions to cheat emissions regulations in...
by - February 27, 2017
When the Crown De Luxe saloon was first released in 1972, it was at that time the most lavish Toyota model available to British customers. Both unusual and exclusive, one...
by - February 27, 2017
The ride-sharing fleet of sharing Lyft Inc. will soon include thousands of specially fitted self-driving Chevrolet Bolt electric vehicles, courtesy of General Motors. If plans push through, Lyft’s clients would...
by - February 27, 2017
J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries