by Calculated Risk on 2/02/2010 04:00:00 PM
Tuesday, February 02, 2010
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 January (red, light vehicle sales of 10.78 million SAAR from AutoData Corp).
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
This is the lowest level since October and below the levels of last July. Obviously sales were boosted significantly by the "Cash-for-clunkers" program in August and some in July.
The current level of sales are still very low, and are still below the lowest point for the '90/'91 recession (even with a larger population).