by Bill McBride on 10/23/2016 12:41:00 PM
Sunday, October 23, 2016
The automakers will report October vehicle sales on Tuesday, November 1st.
Note: There were 26 selling days in October 2016, down from 28 in October 2015.
From WardsAuto: Forecast: October Daily Sales to Reach 15-Year High
A WardsAuto forecast calls for October U.S. light-vehicle sales to reach a 17.8 million-unit seasonally adjusted annual rate, making it the seventh month this year to surpass 17 million.From J.D. Power: New-Vehicle Retail Sales in October Slip; Sixth Monthly Decline of 2016
A 17.8 million SAAR is greatly higher than the 17.3 million recorded year-to-date through September, but does not beat the 18.1 million result recorded in the same month last year.
The SAAR for total sales is projected at 17.7 million units in October 2016, down from 18.1 million units a year ago.This graph shows light vehicle sales since the BEA started keeping data in 1967.
The dashed line is the September sales rate.
Sales for 2016 - through the first nine months - were up slightly from the comparable period last year.
After increasing significantly for several years following the financial crisis, auto sales are now mostly moving sideways.
Posted by Bill McBride on 10/23/2016 12:41:00 PM