by Calculated Risk on 3/22/2022 05:51:00 PM
From WardsAuto: Forecast March U.S. Light-Vehicle Sales: SAAR Down from February but First-Quarter Results Best Since Q2-2021 (pay content)
Supply issues continue to impact vehicle sales, but it appears the supply chain disruption bottom is in.
This graph shows actual sales from the BEA (Blue), and Wards forecast for March (Red).
The Wards forecast of 13.4 million SAAR, would be down about 5% from last month, and down 24% from a year ago (sales were solid in March 2021, as sales recovered from the depths of the pandemic, and weren’t yet impacted by supply chain issues).