U.S. March car sales go up about 1.9%

March U.S. new vehicle sales will be about 1.62 million units, that’s up about 1.9% from 1.59 million units a year earlier. The forecast was base on the first 16 selling days of the month. The seasonally adjusted annualized rate for the month will be 17.3 million vehicles, up from 16.8 million a year earlier.

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Retail sales to consumers, which do not include multiple fleet sales to rental agencies, businesses and government, were set to increase 1 percent in March. Highlighting “policy uncertainty” over whether Republican U.S. President Donald Trump will press ahead with plans for a “border tax” on imported vehicles, we are maintaining that 2017 sales forecast of 17.6 million vehicles, an increase of 0.2 percent from 2016.

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