by Calculated Risk on 4/01/2022 07:04:00 PM
Wards Auto released their estimate of light vehicle sales for March. Wards Auto estimates sales of 13.33 million SAAR in March 2022 (Seasonally Adjusted Annual Rate), down 5.3% from the February sales rate, and down 24.4% from March 2021.
This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards Auto’s estimate for March (red).
The impact of COVID-19 was significant, and April 2020 was the worst month. After April 2020, sales increased, and were close to sales in 2019 (the year before the pandemic).