by Calculated Risk on 7/03/2017 02:07:00 PM
Monday, July 03, 2017
Based on a preliminary estimate from WardsAuto (ex-Porsche and Volvo), light vehicle sales were at a 16.42 million SAAR in June.
That is down 2% from June 2016, and down 1% from last month.
Click on graph for larger image.
This graph shows the historical light vehicle sales from the BEA (blue) and an estimate for May (red, light vehicle sales of 16.42 million SAAR mostly from WardsAuto).
This was below the consensus forecast of 16.6 million for May.
After two consecutive years of record sales, sales will be down in 2017.
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
Note: dashed line is current estimated sales rate.