by Calculated Risk on 12/03/2024 05:39:00 PM

Wards Auto released their estimate of light vehicle sales for November: U.S. Light-Vehicle Sales Surprise on High Side Again in November (pay site).

Improved affordability, and possibly relief from the end of contentious national elections, appeared to bring more consumers into dealer showrooms in November, leading sales to post their biggest year-over-year increase in 2024.

Click on graph for larger image.

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

Sales in November (16.50 million SAAR) were up 2.9% from October, and up 6.7% from November 2023.

Sales in November were well above the consensus forecast.

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