America remains a rare bright spot in the dark world of car sales. March is expected to be as strong as previous months. J.D. Power / LNC Automotive expects total new-vehicle to come in at 1,465,100 units in March, which would be a 15.3 million SAAR, and a 4.5 percent increase over March 2012.
|J.D. Power LMC March Estimate|
|( Million units.)|
The company sees average retail transaction prices up 3 percent to $28,504. Consumers are increasingly getting in hock for a long time: The percentage of retail sales with a 72-month or longer loan is at record levels, reaching 32.1 percent in March 2013, an increase of 30.4 percent from March 2012.
LMC Automotive is holding its 2013 U.S. forecast for total light-vehicle sales at 15.3 million units.