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U.S. auto sales expected to drop 2.1 percent in March

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Christian Fernsby |
US car dealership
America   Retail sales are expected to touch 1,195,000 units in March

U.S. auto sales are expected to drop about 2.1 percent in March from a year earlier, partly due to bad weather, mixed economic data and lower tax refunds, according to industry consultants J.D. Power and LMC Automotive.

The consultancies expect total U.S. vehicle sales of about 1.56 million units in March.

Retail sales are expected to touch 1,195,000 units in March, a 3.4 percent decline from a year earlier, the consultancies said on Tuesday.

However, average transaction price is on pace to reach $33,319, the highest ever for the first quarter and an increase of over $1,000 compared to the same period a year ago.

LMC Automotive also forecast total light-vehicle sales of 16.9 million units this year, a 2.2 percent fall from 2018.

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