Updated: 08-Feb-22 19:11 ET
| March Auto Sales |
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| Updated: 08-Feb-22 19:11 ET |
Highlights
- 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.
Key Factors
- 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
Big Picture
- 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.
| Category | MAR | FEB | JAN | DEC | NOV |
| Domestic Light Vehicles | 13.65M | 12.70M | 12.92M | 13.53M | 13.49M |
| Autos | 3.93M | 3.77M | 4.15M | 4.04M | 4.06M |
| Light Trucks | 9.72M | 8.93M | 8.77M | 9.49M | 9.43M |
| Total Light Vehicles (incl imports) | 18.01M | 17.04M | 17.22M | 18.00M | 17.94M |
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