With sales surging to a 17.8 million-unit seasonally adjusted annual rate in March from the 15.8 million they were tracking to for the year in January-February, the drain to dealer lots was big, leading to a decline in inventory from the prior month. Inventory is expected to resume month-to-month growth in April, in part because, assuming any changes the U.S. government makes to tariffs raises prices of cars and trucks imported to the U.S. beginning this month, sales likely return to the January-February trend, and possibly lower.
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March Sales Surge Causes 2.7% Decline in U.S. Light-Vehicle Inventory from February
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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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