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U.S. Light-Vehicle Sales
to Continue Strong Pace in March

U.S. Light-Vehicle Sales
to Continue Strong Pace in March

Tuesday, March 12, 2002
 
U.S. light-vehicle sales are expected to continue their strong pace in March, according to a forecast by Ward’s Communications, a provider of auto-industry information. The forecast calls for March sales to reach a seasonally adjusted annual rate of 16.56 million units, about the same as the 16.63 million rate in February, and slightly below the March 2001 rate of 16.83 million units. Actual unit volume for March is forecast at 1.53 million units, according to Ward’s, one percent lower than the daily selling rate from a year ago. If the forecast holds, the first-quarter 2002 should end with a seasonally adjusted annual rate that provides the third best start for any year on record. “The generally better economic news bodes well for auto sales, as do the pumped up North American vehicle-production schedules for April and May in the face of still-rising import penetrations,” said Haig Stoddard, Ward’s manager of industry analysis.

 

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