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Tuesday, March 01, 2011

U.S. Light Vehicle Sales 13.44 million SAAR in February

by Calculated Risk on 3/01/2011 03:55:00 PM

Based on an estimate from Autodata Corp, light vehicle sales were at a 13.44 million SAAR in February. That is up 28% from February 2010, and up 6.8% from the sales rate last month (Jan 2011).

Vehicle Sales 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 February (red, light vehicle sales of 13.44 million SAAR from Autodata Corp).

This is the highest sales rate since August 2008, excluding Cash-for-clunkers in August 2009.

Vehicle Sales 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 finally off the bottom of the '90/'91 recession - and there were fewer registered drivers and a smaller population back then.

This was well above the consensus estimate of 12.7 million SAAR. But, with rising oil prices, the automakers might be under pressure in March.