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Friday, May 24, 2024

May Vehicle Sales Forecast: 15.8 million SAAR, Up 2% YoY

by Calculated Risk on 5/24/2024 08:12:00 AM

From WardsAuto: May U.S. Light-Vehicle Sales Tracking to Annualized Rate Flat with April (pay content).  Brief excerpt:

There is a good possibility sales end May above expectations, depending on much holiday marketing pulls in additional buyers. Second-quarter sales are pegged at a 15.9 million-unit SAAR, with volume rising 1% from the year-ago period.
emphasis added
Vehicle Sales ForecastClick on graph for larger image.

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

On a seasonally adjusted annual rate basis, the Wards forecast of 15.8 million SAAR, would be up 0.4% from last month, and up 1.8% from a year ago.