Steel Markets
March 21, 2017
US Vehicle Sales and NAFTA Vehicle Production through February 2017
Written by Peter Wright
The unseasonably warm weather in February resulted in vehicle sales being stronger than expected. On a seasonally adjusted annual basis, sales were 17.58 million units. Truck sales continued to capture market share as gas prices remained steady and incentive spending remained high. Moody’s expect auto sales to settle in at about 16.5 million units later this year or early next year. Figure 1 shows auto and light truck sales since January 2004.
