Early indications of March 2013 auto sales is that approximately 1,470,000 cars will be sold for a SAAR of about 15.5 million. This would put quarterly sales at about 3,702,000, or 231,000 units better than Q1 of last year.
Essentially the pace of 2013 is about 6.5% better than what we saw in 2012. Should auto sales see slight acceleration it is possible that the month of March could eclipse a psychological level of 1.5 million in a single month. Should that happen it could be a bit of positive news for the equity. Stay Tuned!