Wednesday, June 23, 2010

DOT: Vehicle Miles Driven increase in April

by Bill McBride on 6/23/2010 11:59:00 PM

Note: on New Home sales, please see: New Home Sales collapse to Record Low in May

The Department of Transportation (DOT) reported that vehicle miles driven in April were up 1.2% from April 2009:

Travel on all roads and streets changed by +1.2% (3.1 billion vehicle miles) for April 2010 as compared with April 2009. Travel for the month is estimated to be 255.9 billion vehicle miles.

Cumulative Travel for 2010 changed by -0.2% (-1.6 billion vehicle miles).
Vehicle Miles YoYClick on graph for larger image in new window.

This graph shows the rolling 12 month total vehicle miles driven.

On a rolling 12 month basis, miles driven are still 2.0% below the peak - and only 0.6% above the recent low - suggesting a sluggish recovery.