Monday, July 03, 2017

U.S. Light Vehicle Sales at 16.4 million annual rate in June

by Bill McBride on 7/03/2017 02:07:00 PM

Based on a preliminary estimate from WardsAuto (ex-Porsche and Volvo), light vehicle sales were at a 16.42 million SAAR in June.

That is down 2% from June 2016, and down 1% from 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 May (red, light vehicle sales of 16.42 million SAAR mostly from WardsAuto).

This was below the consensus forecast of 16.6 million for May.

After two consecutive years of record sales, sales will be down in 2017.

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

Note: dashed line is current estimated sales rate.