by Calculated Risk on 7/01/2009 04:43:00 PM
Wednesday, July 01, 2009
Click on graph for larger image in new window.
This graph shows the historical light vehicle sales (seasonally adjusted annual rate) from the BEA (blue) and an estimate for June (red, light vehicle sales of 9.69 million SAAR from AutoData Corp).
June was about average for the year so far on seasonally adjusted basis, and sales are still on pace to be the worst since 1967.
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
The small increase in June hardly shows up on the graph.
In 1967 there were 103 million drivers and 9.54 million light vehicles sold; now there are about twice that many (205.7 million licensed drivers in 2007). Compared to the number of drivers, the current sales rate is the lowest since the BEA started tracking auto sales.