at Calculated Risk on 1/24/2025 02:11:00 PM
From WardsAuto: Some Letdown but January US Light-Vehicle Sales Continue Q4-2024’s Growth (pay content). Letter excerpt:
While demand in the middle of the month was negatively impacted by extreme weather conditions across most of the country, with a week remaining in January there is upside to the outlook. On the flipside, there could be pause among some consumers, as they wait to see how the apparent revamping of federal policies and institutions by the new administration plays out. Regardless, sales are tracking to their fourth straight increase in January.
emphasis added
Click on graph for larger image.
This graph shows actual sales from the BEA (Blue), and Wards forecast for January (Red).
On a seasonally adjusted annual rate basis, the Wards forecast of 15.6 million SAAR, would be down 7.1% from last month, and up 3.8% from a year ago.