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Thursday, May 26, 2022

May Vehicle Sales Forecast: Decrease to 13.4 million SAAR

by Calculated Risk on 5/26/2022 12:42:00 PM

From WardsAuto: May U.S. Light-Vehicle Sales to Fall from April, But Q2 Still Expected to Improve on Q1 (pay content).  Brief excerpt:

"With expectations that higher inventory at the end of the month will lead June’s results to rebound from May’s sequential decline, the second quarter's annualized rate is pegged to rise to 14.3 million units from Q1's 14.1 million."
Vehicle Sales ForecastClick on graph for larger image.

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

The Wards forecast of 13.4 million SAAR, would be down about 6% from last month, and down 20% from a year ago (sales were solid in May 2021, as sales recovered from the depths of the pandemic, and weren't yet significantly impacted by supply chain issues).