by Calculated Risk on 11/21/2011 03:45:00 PM
Monday, November 21, 2011
DOT: Vehicle Miles Driven declined 1.5% in September
The Department of Transportation (DOT) reported:
• Travel on all roads and streets changed by -1.5% (-3.7 billion vehicle miles) for September 2011 as compared with September 2010.The following graph shows the rolling 12 month total vehicle miles driven.
• Travel for the month is estimated to be 244.2 billion vehicle miles.
• Cumulative Travel for 2011 changed by -1.3% (-29.8 billion vehicle miles).
![Vehicle Miles](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbB_Xzm8uoMrvT0EzLJT0Ve13nqqECtNu7pPYfnzv2PN3iHGWpxUDk84IINjyY_9jdrKzzHKinniSl2pZ80aQMlDUk7EYKT2IbNS_BduEiqj-OKRFSLLcKqVGEz3PZStdkJhpe/s320/MilesDriven12monthSept2011.jpg)
In the early '80s, miles driven (rolling 12 months) stayed below the previous peak for 39 months.
Currently miles driven has been below the previous peak for 46 months - so this is a new record for longest period below the previous peak - and still counting! Talk about moving sideways ...
The second graph shows the year-over-year change from the same month in the previous year.
![Vehicle Miles Driven YoY](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc1y3AHKDH-nS9rmr7ZldghgbLQj2KtJYc1YwvitHUN8nJgybbF4uKqhXctdSNBhiN2AUW-LnDF70aGZ-4-tFOKa0_kvkCzO3xJz_91f-Fu6IaFeelQOIqMxuV-BJ94x9O_e8b/s320/MilesDrivenYoYSept2011.jpg)
The year-over-year decline in September wasn't as severe as in July and August, but was still negative for the seventh straight month.
Earlier:
• Existing Home Sales in October: 4.97 million SAAR, 8.0 months of supply
• Existing Home Sales: More on Inventory and NSA Sales Graph
• Existing Home Sales graphs