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March Auto Sales Expected to Best in A Decade

Slower February sales help bolster results.

by on Mar.23, 2015

March sales are expected to be at their highest level in a decade due to poor weather in February.

Sales of new vehicles have picked up in March and are now expected to reach their best level in a decade, according to a new forecast from J.D. Power and LMC Automotive.

“Inclement weather in February caused many consumers to delay their new-vehicle purchase until March,” said John Humphrey, senior vice president of the global automotive practice at J.D. Power.

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Based on information collected by the Power Information Network, the combination of strong sales and high transaction prices positions March to set a new record for the month for consumer spending on new vehicles at approximately $37.7 billion, Humphrey said. (more…)