Weather Impact

A positive sign that recent weakness in data has been related to bad weather.

“March light vehicle SAAR registered solid 16.4mn units, above consensus estimate of 15.8mn – 1.1mn increase both yoy as well as sequentially. Checks indicated, sales volumes inflected mid-month and continued to pick-up momentum through the end of March—supporting our belief that weather-alone impacted Jan/Feb SAAR. The strong sales rate augurs well for April as we believe some additional pent-up demand remains from weather-impacted Jan/Feb results.”

Adverse Weather

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s