USED CAR SALES 2.9 MILLION

Latest News Monthly Used Car Sales Near 3 Million Used-car sales should come in at around 2.9 million this month. TrueCar estimates used-car sales at 2,891,896 for March. The ratio of new to used is estimated to be 1:2. New light vehicle sales in the U.S. (including fleet) are expected to be 1,466,956 units, up 23.1 percent from February and up 4.5 percent from March 2012 (on an unadjusted basis). The March forecast translates into a seasonally adjusted annualized rate of 15.42 million new car sales, up from 15.4 million in February and up from 14.1 million in March 2012. Retail sales are up 20.2 percent from February and up 4.2 percent compared to March 2012. Fleet and rental sales are expected to make up 21 percent of total industry sales in March. The industry average incentive spending per unit will be approximately $2,523 in March, which represents a decrease of 1.7 percent from March 2012 and is unchanged from February 2013.