May 2, 2025

Unit car and truck sales declined 3.1% in February to a 17.273 pace after surging in March by 11.7%.  Some of the gain in the past two months may be a bounceback from the very cold and snowy weather in January and the California wildfires.  It may also reflect dealerships trying to  import cars into the country prior to the imposition of tariffs in April.

GDP declined 0.3% in the  quarter.  We expect 2.5% GDP growth in the second quarter and 1.9% growth for 2025.

Stephen Slifer

NumberNomics

Charleston, SC