March Sales Uptick Closes Out Strong First Quarter, Edmunds Forecasts
Despite SAAR of 16.9 million, analysts warn absence of strong incentives may temper sales in coming months
SANTA MONICA, Calif., March 28, 2018 /PRNewswire/ -- Edmunds, the leading car shopping and information platform, forecasts that 1,597,256 new cars and trucks will be sold in the U.S. in March for an estimated seasonally adjusted annual rate (SAAR) of 16.9 million. This reflects a 23.2 percent increase in sales from February 2018 and a 3.0 percent increase from March 2017.
"Healthy first-quarter numbers indicate the industry is on solid ground, but that doesn't mean we can expect another banner year for new car sales," said Jessica Caldwell, Edmunds executive director of industry analysis. "Though March tends to be a prognosticator for the year as a whole, if automakers remain disciplined with incentives and further rein in spending, we could potentially see sales start to tumble in the high-volume summer months when shoppers aren't seeing the deals they are looking for."
| SALES VOLUME FORECAST, BY MANUFACTURER |
|||||
| Sales |
March 2018 |
March |
February |
Change from |
Change from |
| GM |
265,570 |
256,224 |
220,905 |
3.6% |
20.2% |
| Ford |
241,438 |
234,895 |
193,362 |
2.8% |
24.9% |
| Toyota |
225,727 |
215,224 |
182,195 |
4.9% |
23.9% |
| Fiat Chrysler |
196,477 |
190,254 |
165,903 |
3.3% |
18.4% |
| Nissan |
167,596 |
168,832 |
129,930 |
-0.7% |
29.0% |
| Honda |
142,552 |
137,227 |
115,557 |
3.9% |
23.4% |
| Hyundai/Kia |
109,891 |
118,694 |
86,767 |
-7.4% |
26.7% |
| VW/Audi |
52,044 |
46,340 |
42,111 |
12.3% |
23.6% |
| Industry |
1,597,256 |
1,549,991 |
1,296,840 |
3.0% |
23.2% |
| *NOTE: March 2018 had 28 selling days, March 2017 had 27, and February 2018 had 24. |
|||||
Edmunds estimates that retail SAAR will come in at 13.3 million vehicles in March 2018, with fleet transactions accounting for 21.4 percent of total sales. An estimated 3.7 million used vehicles will be sold in March 2018, for a SAAR of 39.3 million (compared to 3.5 million — or a SAAR of 39.1 million — in February).
| MARKET SHARE FORECAST, BY MANUFACTURER |
|||||
| Market |
March 2018 |
March |
February |
Change from |
Change from |
| GM |
16.6% |
16.5% |
17.0% |
0.1% |
-0.4% |
| Ford |
15.1% |
15.2% |
14.9% |
0.0% |
0.2% |
| Toyota |
14.1% |
13.9% |
14.0% |
0.2% |
0.1% |
| Fiat Chrysler |
12.3% |
12.3% |
12.8% |
0.0% |
-0.5% |
| Nissan |
10.5% |
10.9% |
10.0% |
-0.4% |
0.5% |
| Honda |
8.9% |
8.9% |
8.9% |
0.1% |
0.0% |
| Hyundai/Kia |
6.9% |
7.7% |
6.7% |
-0.8% |
0.2% |
| VW/Audi |
3.3% |
3.0% |
3.2% |
0.3% |
0.0% |
More insight into recent auto industry trends can be found in the Edmunds Industry Center at http://www.edmunds.com/industry-center/.
About Edmunds
Edmunds is the leading car information and shopping platform, helping millions of visitors each month find their perfect car. With products such as Edmunds Your Price, Your Lease and Used+, shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at more than 13,000 dealer franchises across the U.S. Edmunds' in-house team of unbiased car-shopping experts provide industry-leading vehicle reviews and shopping tips. Edmunds has a 20-year-old forums community of car shoppers and enthusiasts, where members can get shopping advice and learn what others are buying and leasing cars for. The company is regarded as one of America's best workplaces by Fortune and Great Place to Work. Edmunds is based in Santa Monica, California, and has a satellite office in downtown Detroit, Michigan.
CONTACT:
Leah Polk
Public Relations
[email protected]
310-309-4900
http://edmunds.com/about/press
SOURCE Edmunds
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article