New vehicle sales in March were 20% higher than the February numbers with 44,205 units registered. Compared to the same month in 2008, the Total Industry Volume (TIV) was 5% down though the commercial vehicle segment actually rose slightly. After 3 months, the TIV is 118,681 units, 1,319 units short of the 120,000 units that would need to be achieved monthly to meet the MAA's forecast of 480,000 units for the year.
Source: MotorTrader
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