In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Monday, August 21, 2023

DOT: Vehicle Miles Driven Increased 2.8% year-over-year in June

by Calculated Risk on 8/21/2023 11:12:00 AM

This is something I check occasionally.

The Department of Transportation (DOT) reported:

Travel on all roads and streets changed by +3.1% (+8.4 billion vehicle miles) for June 2023 as compared with June 2022. Travel for the month is estimated to be 283.0 billion vehicle miles.

The seasonally adjusted vehicle miles traveled for June 2023 is 268.9 billion miles, a 2.8% (7.4 billion vehicle miles) change over June 2022. It also represents a -0.2% change (-0.4 billion vehicle miles) compared with May 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.