by Bill McBride on 6/02/2015 03:00:00 PM
Tuesday, June 02, 2015
Based on an AutoData estimate, light vehicle sales were at a 17.9 million SAAR in May. That is up 6.2% from May 2014, and up 7.3% from the 16.5 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 May (red, light vehicle sales of 17.79 million SAAR from AutoData).
This was above the consensus forecast of 17.0 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.
This was above the consensus forecast, and the strongest sales pace since July 2005. It appears 2015 will be the best year for light vehicle sales since 2001.