U.S. new-vehicle sales are on pace to reach the highest March volume since at least 2001, according to three forecasts issued Wednesday, marking a solid start to the closely watched spring selling season.
The forecasts, from LMC Automotive/JD Power, Edmunds and Cox Automotive, project sales to rise about 3 percent this month from March 2017. That would be the industry’s largest year-over-year increase since September and the second gain so far in 2018. In contrast, last year started out with eight consecutive months of declines.
