by Calculated Risk on 8/01/2017 02:47:00 PM
Tuesday, August 01, 2017
Based on an estimate from WardsAuto, light vehicle sales were at a 16.76 million SAAR in July.
That is down 6% from July 2016, and up 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 July (red, light vehicle sales of 16.76 million SAAR mostly from WardsAuto).
This was close to the consensus forecast of 16.8 million for July.
After two consecutive years of record sales, vehicle 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.