by Bill McBride on 5/01/2015 02:38:00 PM
Friday, May 01, 2015
Based on a WardsAuto estimate, light vehicle sales were at a 16.5 million SAAR in April. That is up 3.3% from April 2014, and down 3.2% from the 17.05 million annual sales rate last month.
Click on graph for larger image.
This graph shows the historical light vehicle sales from the BEA (blue) and an estimate for April (red, light vehicle sales of 16.5 million SAAR from WardsAuto).
This was below the consensus forecast of 16.9 million SAAR (seasonally adjusted annual rate).
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
Note: dashed line is current estimated sales rate.
Although below the consensus forecast, this was still a solid month for vehicle sales.