Thursday, July 01, 2010

U.S. Light Vehicle Sales 11.1 Million SAAR in June

by Bill McBride on 7/01/2010 03:43:00 PM

Based on an estimate from Autodata Corp, light vehicle sales were at a 11.08 million SAAR in June. That is up 14% from June 2009 (when sales were very low), and down 4.6% from the May sales rate.

Vehicle Sales 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 June (red, light vehicle sales of 11.08 million SAAR from Autodata Corp).

The second graph shows light vehicle sales since the BEA started keeping data in 1967.

Vehicle Sales Note: dashed line is current month sales rate.

Auto sales have recovered from the low levels of early 2009, but are below the lowest point of the '90/'91 recession (even with a larger number of registered drivers).

This was below most forecasts of around 11.4 million SAAR.