by Calculated Risk on 8/04/2021 08:40:00 AM
The BEA released their estimate of light vehicle sales for July this morning. The BEA estimates sales of 14.75 million SAAR in July 2021 (Seasonally Adjusted Annual Rate), down 4.1% from the June sales rate, and up 0.3% from July 2020.
This graph shows light vehicle sales since 2006 from the BEA (blue) and the BEA’s estimate for July (red).
The impact of COVID-19 was significant, and April 2020 was the worst month.
After April 2020, sales increased, and were close to sales in 2019 (the year before the pandemic).
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
Note: dashed line is current estimated sales rate of 14.75 million SAAR.