February U.S. LV Sales Weaken from January, But Q1 Tracking to Best Quarter Since Q2-2021
Executive Summary
Despite February’s downturn from January, sales in the first two months of the year on an annualized basis have the first quarter heading to the highest quarterly SAAR since Q2-2021. However, though sales are forecast to continue rising the rest of the year, economic and supply-related ramifications from the Russia-Ukraine conflict, as well as the continuation in February of never-ending unexpected, or surprise, chip-related production slowdowns, have added more risk to sequential growth than just a month ago.
Uh oh… you need a Wards Intelligence subscription to access this Premium Content!
This content is part of a paid Wards Intelligence Subscription. Already a subscriber? Log-In Now to access this article.
Only subscribers get access to our market-leading insight and analysis. That’s not all…Wards Intelligence Subscription include access to market-leading data and forecasts. Get access to hundreds of downloadable data tables today, including:
- Global sales and production data by country and region
- U.S. model-line inventory data
- US engine and equipment installation rates
- North America light-vehicle production forecast by plant and platform
- Historical data, annual data and much, much more!
We have different levels of subscription to suit every need, and over 90% of our subscribers renew each year.
For pricing and subscription information, Get In Touch!
Want to experience our insight for free? Download our 2023 Software-Defined Vehicles sample!
