by Calculated Risk on 7/02/2024 05:11:00 PM

Wards Auto released their estimate of light vehicle sales for May: Cyberattack Puts Dent in June U.S. Light-Vehicle Sales (pay site).

An initial estimate indicates the cyberattack cost the industry 50,000 unit-sales in June and knocked 600,000 off the month’s seasonally adjusted annual rate, which totaled 15.3 million. The disruptions caused quarterly sales to decline year-over-year for the first time since Q3-2022, as deliveries totaled 4.075 million units, down 0.4% from April-June 2023. The Q2 SAAR of 15.7 million was flat with the year-ago total but higher than Q1’s 15.3 million.

Click on graph for larger image.

This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards Auto's estimate for June (red).

Sales in June (15.29 million SAAR) were down 3.8% from May, and down 4.8% from June 2023.

The second graph shows light vehicle sales since the BEA started keeping data in 1967.

Sales in June were below the consensus forecast.

There should be some bounce back from the cyberattack in July.