by Calculated Risk on 12/01/2017 02:58:00 PM
Friday, December 01, 2017
Based on a preliminary estimate from WardsAuto, light vehicle sales were at a 17.35 million SAAR in November.
That is down 1% from November 2016, and down 3.6% 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 November (red, light vehicle sales of 17.35 million SAAR from WardsAuto).
This was below the consensus forecast of 17.6 million for November (Note: Hurricane Harvey pushed down sales at the end of August, and sales bounced back in September, October and November).
Still - even with the recent bump in sales - vehicle sales will be down year-over-year in 2017, following two consecutive years of record sales.
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
Note: dashed line is current estimated sales rate.