Updated: 03-Apr-19 17:08 ET
|Updated: 03-Apr-19 17:08 ET
- U.S. light vehicle sales were at a seasonally adjusted annual rate (SAAR) of 18.01 million units in March versus a SAAR of 17.04 million units in February. The March run rate was up 1.7% from the SAAR of 17.71 million units for March 2018.
- Total domestic sales increased to 13.65 million SAAR from 12.70 million SAAR in February.
- On a seasonally adjusted basis, domestic auto sales for March increased to a SAAR of 3.93 million from a SAAR of 3.77 million in February. The sales rate was 4.6% below the year-ago period.
- On a seasonally adjusted basis, domestic truck sales increased 8.9% to 9.72 million SAAR in March from 8.93 million SAAR in February. The sales rate was 6.8% above the year-ago period.
BMW +2.9% yr/yr
- Fiat Chrysler -7.3% yr/yr
- Ford -5.5% yr/yr
- General Motors Q1 -7.0% yr/yr
- Honda +4.3% yr/yr
- Hyundai-Kia +5.6% yr/yr
- Mercedez-Benz USA -2.7% yr/yr
- Nissan -7.2% yr/yr
- Subaru +6.0% yr/yr
- Tesla estimated +16.9% yr/yr
- Toyota Motor U.S.A. -3.5% yr/yr
- VW Group of America +14.2% yr/yr
- The strength in March sales was fueled by light truck sales, which speaks to the healthy appetite in the U.S. for larger vehicles, which also carry higher price tags.
According to J.D. Power data cited by Automotive News,
average incentive spending per new vehicle was estimated to have declined
5.5% year-over-year to $3,689.
|Domestic Light Vehicles
| Light Trucks
|Total Light Vehicles (incl imports)