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Sunday, May 14, 2023

DOT: Vehicle Miles Driven Increased 0.6% year-over-year in March

by Calculated Risk on 5/14/2023 11:27:00 AM

This is something I check occasionally.

The Department of Transportation (DOT) reported:

Travel on all roads and streets changed by +0.6% (+1.7 billion vehicle miles) for March 2023 as compared with March 2022. Travel for the month is estimated to be 271.2 billion vehicle miles.

The seasonally adjusted vehicle miles traveled for March 2023 is 266.8 billion miles, a 0.3% ( 0.9 billion vehicle miles) change over March 2022. It also represents a -1.1% change (-3.0 billion vehicle miles) compared with February 2023.
emphasis added
Vehicle Miles Click on graph for larger image.

This graph shows the monthly total vehicle miles driven, seasonally adjusted.

Miles driven declined sharply in March 2020, and really collapsed in April 2020.  Miles driven are now slightly below pre-pandemic levels.