Car People Blog
Just When You Thought Things Couldn’t Get Any Better
IRVINE, Calif., March 28, 2016 /PRNewswire/ -- New-vehicle
sales are expected to increase 8 percent year-over-year to a
total of 1.66 million units in March 2016, resulting in an estimated
17.2 million seasonally adjusted annual rate (SAAR), according
to Kelley Blue Book www.kbb.com, the vehicle valuation and
information source trusted and relied upon by both consumers
and the automotive industry. Two additional selling days will
help this month's volume totals as the SAAR will stay relatively
consistent with recent months.
"The industry continues to maintain its momentum in March as
we expect the highest volume of any month in more than 10
years," said Tim Fleming, analyst for Kelley Blue Book.
"However, we continue to follow indicators that demand for new
cars is weakening, while there is increased incentive spending
and an increasing share of fleet sales."
which is up 5 percent year-over-year, making this the second
highest first quarter on record, surpassed only by Q1 2000.
This also could be the highest March sales total since 2000,
when sales also hit 1.66 million units, and the highest volume
total of any month since July 2005.