by Calculated Risk on 2/01/2011 04:47:00 PM
Tuesday, February 01, 2011
Please see the previous post for a little color on the economic data.
Based on an estimate from Autodata Corp, light vehicle sales were at a 12.62 million SAAR in January. That is up 17.5% from January 2010, and up 1.0% from the sales rate last month (Dec 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 12.62 million SAAR from Autodata Corp).
This is the highest sales rate since August 2008, excluding Cash-for-clunkers in August 2009.
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
Note: dashed line is current estimated sales rate. The current sales rate is still near the bottom of the '90/'91 recession - when there were fewer registered drivers and a smaller population.
This was at the consensus estimate of 12.6 million SAAR.