March Auto Sales Complete Consistently Strong First Quarter of 2016, Says Website
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SANTA MONICA, Calif., March 24, 2016; Car shopping website Edmunds.com forecasts that 1,655,462 new cars and trucks will be sold in the U.S. in March for an estimated Seasonally Adjusted Annual Rate (SAAR) of 17.2 million. The projected sales will be a 23.5 percent increase from February 2016, and a 7.3 percent increase from March 2015.
"March auto sales show another month of positive year-over-year growth, rounding out a consistently strong first quarter for the industry," said Jessica Caldwell, Director of Industry Analysis. "The sales we saw in these three months sets us up for another potentially record-breaking year, especially as we begin to approach the popular summer selling season."
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SALES VOLUME FORECAST, BY MANUFACTURER |
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Sales Volume |
March 2016 Forecast |
March 2015 |
February 2016 |
Change from March 2015 |
Change from February 2016 |
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Ford |
256,194 |
234,786 |
216,045 |
9.1% |
18.6% |
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GM |
254,319 |
249,875 |
227,825 |
1.8% |
11.6% |
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Toyota |
240,536 |
225,959 |
187,954 |
6.5% |
28.0% |
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Fiat Chrysler |
223,636 |
197,261 |
182,879 |
13.4% |
22.3% |
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Nissan |
166,021 |
145,085 |
130,911 |
14.4% |
26.8% |
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Honda |
147,390 |
126,293 |
118,986 |
16.7% |
23.9% |
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Hyundai/Kia |
130,647 |
133,790 |
102,746 |
-2.3% |
27.2% |
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VW/Audi |
42,724 |
47,127 |
34,039 |
-9.3% |
25.5% |
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Industry |
1,655,462 |
1,542,871 |
1,340,544 |
7.3% |
23.5% |
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*NOTE: March 2016 had 27 selling days, March 2015 had 25 and February 2016 had 24. |
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Edmunds.com estimates that retail SAAR will come in at 13.4 million vehicles in March, with fleet transactions accounting for 22 percent of total sales. An estimated 3.6 million used cars will be sold in March, for a SAAR of 36.7 million (compared to 3.5 million – or a SAAR of 37.4 million – used car sales in February).
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MARKET SHARE FORECAST, BY MANUFACTURER |
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Market Share |
March 2016 Forecast |
March 2015 |
February 2016 |
Change from March 2015 |
Change from February 2016 |
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Ford |
15.5% |
15.2% |
16.1% |
0.3% |
-0.6% |
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GM |
15.4% |
16.2% |
17.0% |
-0.8% |
-1.6% |
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Toyota |
14.5% |
14.6% |
14.0% |
-0.1% |
0.5% |
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Fiat Chrysler |
13.5% |
12.8% |
13.6% |
0.7% |
-0.1% |
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Nissan |
10.0% |
9.4% |
9.8% |
0.6% |
0.3% |
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Honda |
8.9% |
8.2% |
8.9% |
0.7% |
0.0% |
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Hyundai/Kia |
7.9% |
8.7% |
7.7% |
-0.8% |
0.2% |
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VW/Audi |
2.6% |
3.1% |
2.5% |
-0.5% |
0.0% |