Friday, August 21, 2020

DOT: Vehicle Miles Driven decreased 14.5% year-over-year in June

by Calculated Risk on 8/21/2020 02:47:00 PM

The Department of Transportation (DOT) reported:

Travel on all roads and streets changed by -13.0% (-36.5 billion vehicle miles) for June 2020 as compared with June 2019. Travel for the month is estimated to be 244.7 billion vehicle miles.

The seasonally adjusted vehicle miles traveled for June 2020 is 231.3 billion miles, a -14.5% (-39.2 billion vehicle miles) decline from June 2019. It also represents 15.6% increase (31.3 billion vehicle miles) compared with May 2020.

Cumulative Travel for 2020 changed by -16.6% (-264.2 billion vehicle miles). The cumulative estimate for the year is 1,331.2 billion vehicle miles of travel.
emphasis added
Vehicle Miles Click on graph for larger image.

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.   Miles driven rebounded in May and June, but is still down 14.5% YoY (seasonally adjusted).

Vehicle Miles YoYThis graph shows the YoY change in vehicle miles driven.

Miles driven were down 14.5% year-over-year in June.  Based on gasoline consumption, I expect vehicle miles rebounded further in July.