On the bright side, demand for higher-priced vehicles remains strong. Annual sales forecast lowered.
J.D. Power and LMC Automotive released their retail and total vehicle sales forecast for March. New-vehicle retail sales in March are expected to fall from a year ago, declining to 1,195,000 units, a 3.4 percent decrease compared with March 2018. The seasonally adjusted annualized rate (SAAR) for retail sales is expected to be 13.0 million units, down 400,000 from a year ago.
New-vehicle retail sales in Q1 are projected to reach 2,944,200 units, a 4.9 percent decrease from Q1 2018.
Higher new vehicles sales, that increase