Karim writes:

More upside surprises for Q1 consumer spending-now tracking 3.25-3.5%

March Car/LT Sales – 15.2 Million Units FINAL


Stone & McCarthy (Princeton)
Key “Take Aways”:
March Domestic Light Vehicle sales were stronger than last month at 12.00M
Total vehicle sales posted a slightly slower pace compared to Feb: 15.2M
Car sales were weaker than expected, but light truck sales picked up the slack
Q1 PCE looking strong: around 3.3-3.5% with Q1 GDP approx. 3%