Monday, January 25, 2016

Vehicle Sales Forecast: Sales to Reach 10-Year High for a January

by Bill McBride on 1/25/2016 12:55:00 PM

The automakers will report January vehicle sales on Tuesday, February 2nd.

Note:  There were 24 selling days in January, down from 26 in January 2015.

From WardsAuto: Forecast: January SAAR Set to Reach 10-Year High

A WardsAuto forecast calls for U.S. automakers to deliver 1.13 million light vehicles in January.

The resulting daily sales rate (DSR) of 47,126 units, a 10-year high for the month, over 24 days represents a 6.8% improvement from like-2015 (26 days) and a 19.2% month-to-month decline from December (28 days).

The 5-year average December-to-January decline is 26%, but the traditional pull-ahead of sales in December was not as strong as expected this time. Lighter deliveries allowed dealers to remain well-stocked with vehicles highest in demand going into January.

The report puts the seasonally adjusted annual rate of sales for the month at 17.3 million units, compared with a year-ago’s 16.6 million and December’s 17.2 million.
Looks like another solid month for car sales.