Despite February’s downturn from January, sales in the first two months of the year on an annualized basis have the first quarter heading to the highest quarterly SAAR since Q2-2021. However, though sales are forecast to continue rising the rest of the year, economic and supply-related ramifications from the Russia-Ukraine conflict, as well as the continuation in February of never-ending unexpected, or surprise, chip-related production slowdowns, have added more risk to sequential growth than just a month ago.
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February U.S. LV Sales Weaken from January, But Q1 Tracking to Best Quarter Since Q2-2021
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The Analyst Team
Haig Stoddard
Follow AnalystPrincipal Analyst, Forecast & Markets
Haig has followed the auto industry for over three decades, starting as a reporter and editor for Wards Automotive Reports, then transitioning to an automotive market analyst. He analyzes market trends related to new-vehicle demand, production, and powertrain take-rates, and forecasts vehicle connectivity and automation levels
Haig focuses on tying together demand, vehicle production, and powertrain trends. He also has created and co-created several of the company’s current analytical outputs related to forecasts, plant capacities, product cycle plans, market segmentation, and future vehicle propulsion reports. Currently, he supports the Wards Intelligence database and produces regularly scheduled and custom subscription-based posts tied to North American production, sales analysis, forecasts, and general global market analysis. He also is working on projects to help expand the company’s coverage of future trends by creating vehicle-based forecasts related to factory-installed equipment, such as ADAS and mobility.
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