by Calculated Risk on 10/23/2024 05:44:00 PM
Wednesday, October 23, 2024
October Vehicle Sales Forecast: 15.9 million SAAR, Up 3.6% YoY
From WardsAuto: October U.S. Light-Vehicle Sales Forecast to Start Q4 with Small Gain (pay content). Brief excerpt:
The fourth quarter is forecast to total 4.13 million units, 6.0% above year-ago’s 3.89 million, which was tamped down because of labor-related strikes at three automakers that pared inventory
emphasis added
This graph shows actual sales from the BEA (Blue), and Wards forecast for October (Red).
On a seasonally adjusted annual rate basis, the Wards forecast of 15.9 million SAAR, would be up 0.8% from last month, and up 3.6% from a year ago.