Friday, March 24, 2017

Autos are back?

A WardsAuto forecast calls for U.S. automakers to deliver 1.61 million light vehicles in March, a 17-year high for the month. The forecasted daily sales rate of 59,776 over 27 days is a best-ever March result. This DSR represents a 2.6% improvement from like-2016 (also 27 days). March is anticipated to be the first month in 2017 to outpace prior-year. The forecast 8.2% DSR gain from February (24 days) is less than the 7-year average month-to-month increase of 14%. 
No blue bar for Q1, good work.  But that cliff dive in used car prices makes me worry Q2.

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