Annual Vehicle Sales: On Pace to decline in 2018

The BEA released their estimate of September vehicle sales. The BEA estimated sales of 17.36 million SAAR in September 2018 (Seasonally Adjusted Annual Rate), up 4.5% from the August sales rate, and down 4.0% from September 2017 (Sales in September 2017 were strong following the hurricanes). Through September, light vehicle sales are on pace to be down slightly in 2018 compared to 2017. This would make 2018 the sixth best year on record after 2016, 2015, 2000, 2017 and 2001. Click on graph for larger image. This graph shows annual light vehicle sales since 1976.   Source:......(read more)

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