U.S. sales in March expected to increase 6 to 14% compared to last year

Article by Christian Andrei, on March 23, 2012

Fueled by the high demand in the retail market, the new-vehicle sales in the U.S. for March are predicted to increase 6 to 14% compared to last year. Research firms J.D. Power and Associates and LMC Automotive estimated that March total sales will end with 1,372,400 cars and light trucks, compared with 1,244,009 vehicles in March 2011. The research companies said that this projection will put the industry on track to reach an annual sales rate for the month of 14.1 million vehicles. In comparison, 15.1 million units were sold in February and 13 million in March 2011. Kelley Blue Book estimates that new-vehicle sales will reach1,425,000 units, or a 14.6 million seasonally adjusted sales rate in March 2012.

This is 24% higher than last month and is 12% higher than March 2011. In a statement, Alec Gutierrez, senior market analyst of automotive insights for Kelley Blue Book, said that March sales are expected to be strong but it will still be lower than the 15.1 million SAAR reported last month. Some of the factors that contributed to the impressive sales in February are the unseasonably warm weather throughout the U.S. and the added selling day because of the leap year, resulting to a strong seasonally adjusted sales rate that isn’t likely to repeat this year.

January and February sales in the U.S. had exceeded expectations but some analysts and industry executives think that the industry won’t make a significant recovery until U.S. home prices increase and consumers feel richer. In the statement, John Humphrey, senior vice president of global automotive operations at J.D. Power, said that each month that has strong sales will lead to enhanced optimism that the growth pace stands for a true recovery. He added that sales will continue on a solid pace for the remaining months of the year just as long as there is no more cause for alarm as the result of geopolitical issues in the Gulf region and additional upward pressure on the oil’s price.

Topics: united states, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The highlight of this year’s Consumer Electronics Show may be based on some of these keywords---connectivity, integration and partnership. Just like in the previous year, you’ve probably heard and read...
by - January 16, 2017
Less than three weeks to go and the Super Bowl LI – one of the most awaited and most watched sports events in television – will commence on February 5,...
by - January 16, 2017
New Tesla vehicles will have to pay when charging at any of the carmaker’s Supercharger stations once they exceed their annual limits. This comes as Tesla Motors announced revisions in...
by - January 16, 2017
Off-road driving with an open air vehicle provides another kind of experience for many off-road enthusiasts and fans. For this sake, Ford is planning to offer a version of the...
by - January 16, 2017
For those who love driving, future autonomous cars should be like the Toyota Concept-i that is drawing in a multitude of visitors at the 2017 Consumer Electronics Show in Las...
by - January 15, 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