BEA: March Vehicles Sales decreased to 11.4 Million SAAR

The BEA released their estimate of March vehicle sales this morning. The BEA estimated light vehicle sales of 11.37 million SAAR in March 2020 (Seasonally Adjusted Annual Rate), down 32.1% from the revised February sales rate, and up 34.1% from March 2019. Sales in February were revised down from 16.83 million SAAR to 16.73 million SAAR. Click on graph for larger image. This graph shows light vehicle sales since 2006 from the BEA (blue) and an estimate for March 2020 (red). My view - before the health crisis - was that sales  would move mostly sideways at near record levels this......(read more)

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