PR Newswire
S&P Global Mobility projects that US auto sales in March will crest over 1.45 million units, as consumers and automakers try to get ahead of tariffs
SOUTHFIELD, Mich.
, March 28, 2025 /PRNewswire/ — With volume for the month projected at 1.45 million units, March 2025 U.S. auto sales are estimated to translate to an estimated sales pace of 16.3 million units (seasonally adjusted annual rate: SAAR), according to S&P Global Mobility. This would bring the SAAR average in the first quarter of the year to a level of 16.0 million units. While the first quarter of 2025 would reflect progress from a year-ago reading of 15.5 million units, it might be the high mark for a while, as auto tariffs take effect in April.
“Automakers, by way of incentives, and savvy consumers are likely attempting to get ahead of future uncertainty surrounding auto pricing levels by taking advantage of March deals,” said Chris Hopson, principal analyst at S&P Global Mobility. “Downside risks to the auto demand and production environment abound as consumers face potential higher auto prices as a result of expected tariffs to imported vehicles and parts.”
The S&P Global Mobility US auto outlook for 2025 reflects sustained, but more moderate growth levels for light vehicle sales, but consumer pressures and potential auto tariffs create notable downside risks to volume estimates at this time.
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Total Light Vehicle |
Units, NSA |
1,454,000 |
1,219,841 |
1,432,132 |
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In millions, SAAR |
16.3 |
16.0 |
15.7 |
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Light Truck |
In millions, SAAR |
13.3 |
13.0 |
12.7 |
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Passenger Car |
In millions, SAAR |
3.0 |
3.0 |
3.0 |
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Source: S&P Global Mobility (Est), U.S. Bureau of Economic Analysis |
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Continued development of battery-electric vehicle (BEV) sales remains an assumption in the longer term S&P Global Mobility light vehicle sales forecast. In the immediate term, some month-to-month volatility is anticipated. March BEV share is expected to reach 8.5%, an increase from February reported figures and reflective of the uneasiness as automakers, dealers and consumers continue to digest potential changes to BEV incentives.
About S&P Global Mobility
At S&P Global Mobility, we provide invaluable insights derived from unmatched automotive data, enabling our customers to anticipate change and make decisions with conviction. Our expertise helps them to optimize their businesses, reach the right consumers, and shape the future of mobility. We open the door to automotive innovation, revealing the buying patterns of today and helping customers plan for the emerging technologies of tomorrow.
S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/mobility.
Media Contact:
Michelle Culver
S&P Global Mobility
248.728.7496 or 248.342.6211
[email protected]
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SOURCE S&P Global Mobility
