New car and trucks sales rebounded from a February dip led by some perennial sales “all-stars,” such as the Dodge Ram, Ford F-Series and Nissan Altima.
The seasonally adjusted annual sales rate is expected to come in at 15.8 million units, which is an increase of February’s rate of 15.3 million units. General Motors, which normally reports sales in the morning failed to do so due to a computer error, is expected to post its results by the end of the day today.
Fiat Chrysler, Ford, Toyota and Nissan all reported sales gains for the month due to the strong sales of trucks and sport utility vehicles. Both Chrysler and Ford beat expectations. (more…)