by Bill McBride on 10/01/2009 03:38:00 PM
Thursday, October 01, 2009
Click on graph for larger image in new window.
This graph shows the historical light vehicle sales (seasonally adjusted annual rate) from the BEA (blue) and an estimate for September (red, light vehicle sales of 9.22 million SAAR from AutoData Corp).
This is the third lowest vehicle sales this year.
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
Obviously sales were boosted significantly by the "Cash-for-clunkers" program in August and some in July. Although this wasn't as bad as some of the lower forecasts, it was still below most estimates.
Note: the answer to the earlier poll was 746 thousand (not seasonally adjusted sales).