March 2017 U.S. LV Sales Thread: Industry Finished at 16.5 Million SAAR

(SUMMARY) U.S. automakers sold 1.55 million light vehicles in March, down 1.7% from year-ago.

Erin Sunde, Industry Analyst

April 3, 2017

2 Min Read
March 2017 U.S. LV Sales Thread: Industry Finished at 16.5 Million SAAR

MARCH 2017 US LV SALES

FORECAST v REPORTED

UNITS

WardsAuto Forecast LV Sales

1.61 million

March Actual LV Sales

 1.55 million

WardsAuto Forecast LV SAAR   

    17.2 million

March Actual LV SAAR

   16.5 million


WardsAuto tracks light-vehicle (LV) deliveries throughout sales reporting day. Monthly year-over-year change represents the change in daily sales rate (DSR).  March had 27 selling days this year compared with 27 days in 2016, meaning DSR % change will be the same as straight volume % change for year-over-year comparisons this month.

Related Table 

U.S. Light Vehicle Sales Summary table

SUMMARY:  

U.S. light-vehicles sales came in below expectations at 1.55 million units. A daily sales rate of 57,335 over 27 days was 1.6% less than March 2016 (also 27 days). The resulting SAAR was 16.5 million, the first sub-17 million outcome in eight months.

GM grabbed a 16.5% share of the market. Ford came in at 14.9%. Toyota recorded a 13.9% share. FCA took 12.2% of sales. Nissan (10.9%) and Honda (8.9%) came next in line. 

The industry's year-to-date sales rose to 3.93 million units, down 1.5% from same-period 2016.

See summary updates below and related articles for more detailed reports. 

 

UPDATE 1:00 PM ET:

Kia sold 49,429 LVs, plummeting 15.2%.

BMW increased deliveries 3.5% to 36,002.

 

UPDATE 12:25 PM ET:

Volkswagen outsold year-ago by 2.7% on 27,635 units.

 

UPDATE 10:33 AM ET:

General Motors sold 256,034 light vehicles in March, up 1.6% from year-ago.

Ford was down 7.0% to 230,169 units.

Toyota delivered 215,224 cars and light trucks, slipping 2.1% from same-month 2016.

FCA's LV sales declined 4.8%  to 188,438.

Nissan saw the greatest improvement of the top automakers, rising 3.2% on 168,832 units.

Honda came in nearly flat with prior-year, down just 0.7%.

 

 

About the Author

Erin Sunde

Industry Analyst, WardsAuto

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