by Bill McBride on 7/01/2015 02:51:00 PM
Wednesday, July 01, 2015
Based on an AutoData estimate, light vehicle sales were at a 17.1 million SAAR in June. That is up 1.5% from June 2014, and down 3.5% from the 17.7 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 June (red, light vehicle sales of 17.1 million SAAR from WardsAuto).
This was close to the consensus forecast of 17.2 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 below the consensus forecast, but another strong month. It appears 2015 will be the best year for light vehicle sales since 2001.