U.S. Auto Sales Likely Down 35% in March, Analysts Say
U.S. auto sales are down sharply in recent weeks, according to analysts, and sales will likely fall further before they improve.
Analysts at Edmunds are forecasting a 35.5% decline in U.S. light-vehicle sales for the month of March versus March of 2019, and a 23.4% decrease from February.
Edmunds' chief analyst, Jessica Caldwell, said that the sales decline accelerated as the month went on. "The market took a dramatic turn in mid-March as more cities and states began to implement stay-at-home policies due to the coronavirus crisis, and consumers understandably shifted their focus to other things," Caldwell was quoted as saying in a press release.
Source Fool.com
