at Calculated Risk on 11/22/2024 05:18:00 PM
From WardsAuto: November US Light-Vehicle Sales to Improve on October’s Growth (pay content). Letter excerpt:
November’s forecast SAAR of 16.2 million units is the highest since May 2021. With the month having an atypical fifth weekend, the extended timeframe means there is more upside than downside to November’s forecast – especially with retail volume already showing solid growth.
emphasis added
Click on graph for larger image.
This graph shows actual sales from the BEA (Blue), and Wards forecast for November (Red).
On a seasonally adjusted annual rate basis, the Wards forecast of 16.2 million SAAR, would be up 1.0% from last month, and up 4.8% from a year ago.