by Calculated Risk on 6/24/2020 12:56:00 PM
Wednesday, June 24, 2020
The Department of Transportation (DOT) reported:
Travel on all roads and streets changed by -39.8% (-112.0 billion vehicle miles) for April 2020 as compared with April 2019. Travel for the month is estimated to be 169.6 billion vehicle miles.Click on graph for larger image.
The seasonally adjusted vehicle miles traveled for April 2020 is 160.9 billion miles, a -41.2% (-112.9 billion vehicle miles) decline from April 2019. It also represents -27.2% decline (-60 billion vehicle miles) compared with March 2020.
Cumulative Travel for 2020 changed by -14.8% (-152.3 billion vehicle miles). The cumulative estimate for the year is 875.9 billion vehicle miles of travel.
This graph shows the rolling 12 month total vehicle miles driven to remove the seasonal factors.
Miles driven declined during the great recession, and the rolling 12 months stayed below the previous peak for a record 85 months.
Miles driven declined sharply in March, and really collapsed in April. This will be an interesting measure to watch when the economy eventually starts to recover.
This graph shows the YoY change in vehicle miles driven.
Miles driven were down 39.8% year-over-year in April.
Posted by Calculated Risk on 6/24/2020 12:56:00 PM