March Autos Gross sales elevated to 17.75 Million SAAR

by Calculated Threat on 4/02/2021 01:19:00 PM Wards launched their estimate of sunshine automobile gross sales for March yesterday. Wards estimates gross sales of 17.75 million SAAR in March 2021 (Seasonally Adjusted Annual Fee), up 13.3% from the February gross sales charge, and up 56% from March 2020 (gross sales collapsed in March 2020). This


by Calculated Threat on 4/02/2021 01:19:00 PM

Wards launched their estimate of sunshine automobile gross sales for March yesterday. Wards estimates gross sales of 17.75 million SAAR in March 2021 (Seasonally Adjusted Annual Fee), up 13.3% from the February gross sales charge, and up 56% from March 2020 (gross sales collapsed in March 2020).

This was properly above the consensus estimate of 16.5 million SAAR.

Click on on graph for bigger picture.

This graph reveals gentle automobile gross sales since 2006 from the BEA (blue) and the Wards’ estimate for March (pink).

The impression of COVID-19 was important, and April was the worst month.

Since April, gross sales have elevated.

The second graph reveals gentle automobile gross sales because the BEA began retaining information in 1967.

Vehicle SalesNotice: dashed line is present estimated gross sales charge of 17.75 million SAAR.

There was some bounce again from the climate associated weak spot in February, and apparently there was a surge in shopping for in direction of the tip of March (most likely associated to the stimulus checks).



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