The BEA reported this morning that light vehicle sales were at 16.41 million in July on a seasonally adjusted annual rate basis (SAAR).
This was up 7.1% from the sales rate in June, and up 3.7% from July 2024.
Click on graph for larger image.
This graph shows light vehicle sales since 2006 from the BEA (blue) through July (red).
Vehicle sales were over 17 million SAAR in March and April as consumers rushed to “beat the tariffs”.
Then sales were depressed in May and June.
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
Sales in July were at the consensus forecast of 16.4 million SAAR.