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Wednesday, November 04, 2020

October Vehicles Sales decreased to 16.2 Million SAAR

by Calculated Risk on 11/04/2020 11:26:00 AM

The BEA released their estimate of light vehicle sales for October this morning. The BEA estimates sales of 16.21 million SAAR in October 2020 (Seasonally Adjusted Annual Rate), down 0.5% from the September sales rate, and down 3.3% from October 2019.

This was below the consensus estimate of 16.5 million SAAR.

Vehicle SalesClick on graph for larger image.

This graph shows light vehicle sales since 2006 from the BEA (blue) and the BEA's estimate for October (red).

The impact of COVID-19 was significant, and April was the worst month.

Since April, sales have increased, but are still down 3.3% from last year.

The second graph shows light vehicle sales since the BEA started keeping data in 1967.

Vehicle SalesNote: dashed line is current estimated sales rate of 16.21 million SAAR.

Sales-to-date are down 17.3% in 2020 compared to the same period in 2019.

In 2019, there were 14.48 million light vehicle sales through October.  In 2020, there have been 11.97 million sales.