by Bill McBride on 1/24/2013 02:32:00 PM
Thursday, January 24, 2013
Edmunds.com ... forecasts that 1,045,587 new cars and trucks will be sold in the U.S. in January for an estimated Seasonally Adjusted Annual Rate (SAAR) of 15.3 million light vehicles. The projected sales will be ... a 14.5 percent increase from January 2012.It looks like auto sales are starting 2013 fairly strong.
“January’s numbers show that vehicle sales stayed strong, even after the holiday ads faded away and the replacement sales following Hurricane Sandy started to dry up,” says Edmunds.com Senior Analyst Jessica Caldwell. “These results certainly reinforce the exuberance and optimism that filled the air last week at the North American International Auto Show in Detroit.”
The following table shows annual light vehicle sales, and the change from the previous year. Light vehicle sales have seen double digit growth for three consecutive years, but the growth rate will probably slow in 2013.
|Light Vehicle Sales|
|Sales (millions)||Annual Change|
Posted by Bill McBride on 1/24/2013 02:32:00 PM