by Calculated Risk on 9/26/2024 04:19:00 PM
Thursday, September 26, 2024
September Vehicle Sales Forecast: 16.1 million SAAR, Up 2% YoY
From WardsAuto: September U.S. Light-Vehicle Sales Forecast for 9-Month-High SAAR Despite Drop in Volume (pay content). Brief excerpt:
If September’s outlook holds true, Q3 sales will decline 1.8% year-over-year. However, deliveries in October-December, goosed by two additional selling days vs. the year-ago period, are forecast to rise 7.4% from like-2023, leaving volume for entire-2024 at 15.9 million, up from 2023’s 15.5 million.
emphasis added
This graph shows actual sales from the BEA (Blue), and Wards forecast for September (Red).
On a seasonally adjusted annual rate basis, the Wards forecast of 16.1 million SAAR, would be up 6.4% from last month, and up 2.1% from a year ago.