by Bill McBride on 6/01/2016 04:03:00 PM
Wednesday, June 01, 2016
Based on a preliminary estimate from WardsAuto, light vehicle sales were at a 17.37 million SAAR in May (Preliminary estimate excluding Jaguar Land Rover and Volvo).
That is down about 1.5% from May 2015, and up slightly from the 17.32 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 17.37 million SAAR from WardsAuto).
This was above 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.
Sales for 2016 - through the first five months - are up about 2% from the comparable period last year.