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Monday, October 25, 2021

October Vehicle Sales Forecast: "First Month-to-Month Improvement Since April"

by Calculated Risk on 10/25/2021 06:34:00 PM

From WardsAuto: October U.S. Light-Vehicle Sales Forecast to Show First Month-to-Month Improvement Since April (pay content)

Low inventories and supply issues continue to impacting vehicle sales.

Vehicle Sales ForecastClick on graph for larger image.

This graph shows actual sales from the BEA (Blue), and Wards forecast for October (Red).

The Wards forecast of 12.6 million SAAR, would be up about 3.5% from last month, and down 23% from a year ago (sales were solid in October 2020, as sales recovered from the depths of the pandemic).

Wards expects sales to increase in November and December too.