To maintain Q1’s 16.6 million-unit SAAR, April’s sales volume will need to equal a higher percentage of March’s inventory than indicated by usual month-to-month patterns.
Trucks have become so popular that January marked the third consecutive month combined sales of CUVs, SUVs and pickups accounted for more than half the U.S. market, the first 3-month stretch that ever has happened.
U.S. January inventory is enough to meet February demand equal to a seasonally adjusted annual rate ranging from 16.8 million to 17 million units without abnormally high market inducements.
Sales in the Large and Large-Luxury SUV segments, spurred by monster gains at GM, increased 64% from year-ago, while Large Pickups increased market penetration for the sixth straight month