February U.S. Light-Vehicle Sales to Rebound from January's Slide

Sales are bouncing back in February, thanks mostly to a surge in estimated fleet volume, while the retail sector posts tepid growth. Higher interest rates, negative aspects of the inventory mix and lack of fresh product are keeping demand from being even stronger. One take away from February is that the month’s results will be more proof seasonal trends in the U.S. are resuming pre-2020 norms, which also means sales should strengthen again in March.

U.S. light vehicle sales and inventory forecast by company and by source and vehicle type for February 2024. Includes SAAR (seasonally adjusted annual rates) and days' supply projections.