Thu. Oct 10th, 2024

at Calculated Risk on 9/26/2024 04:19:00 PM

From WardsAuto: September US Light-Vehicle Sales Forecast for 9-Month-High SAAR Despite Drop in Volume (pay content). Letter excerpt:

If September’s outlook holds true, Q3 sales will decline 1.8% year-over-year. However, deliveries in October-December, goosed by two additional selling days vs. the year-ago period, are forecast to rise 7.4% from like-2023, leaving volume for entire-2024 at 15.9 million, up from 2023’s 15.5 million.

emphasis added

Vehicle Sales ForecastClick on graph for larger image.

This graph shows actual sales from the BEA (Blue), and Wards forecast for September (Red).

On a seasonally adjusted annual rate basis, the Wards forecast of 16.1 million SAAR, would be up 6.4% from last month, and up 2.1% from a year ago.

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