Though Feb still looks to be an outlier, strong performance continued, with the mix shifting slightly to trucks.

image

This along with lower incentives means that we will likely see another month-over-month increase in retail sales from autos. The data above is units. The retails sales data is revenue.

Its pretty close to suggesting as well that US factories are currently under producing. Factories were set for something like a 10 Million unit year and its looking increasingly likely that we will get at least an 11 Million unit year.

This is the obviously just the first month, but also so far its looking like auto sales will not subtract from GDP in Q2, given the shift into trucks.

About these ads