Tuesday, August 02, 2016

U.S. Light Vehicle Sales increase to 17.8 million annual rate in July

by Bill McBride on 8/02/2016 04:11:00 PM

Based on a preliminary estimate from WardsAuto (ex-Jaguar and Porsche), light vehicle sales were at a 17.78 million SAAR in July.

That is up about 2% from July 2015, and up 6.5% from the 16.69 million annual sales rate last month.

Vehicle Sales
Click on graph for larger image.

This graph shows the historical light vehicle sales from the BEA (blue) and an estimate for July (red, light vehicle sales of 17.78 million SAAR from WardsAuto).

This was above the consensus forecast of 17.3 million SAAR (seasonally adjusted annual rate).

The second graph shows light vehicle sales since the BEA started keeping data in 1967.

Vehicle SalesNote: dashed line is current estimated sales rate.

Sales for 2016 - through the first seven months - are up almost 2% from the comparable period last year.

A solid month for auto sales.