BEA: February Vehicles Sales at 16.6 Million SAAR

The BEA released their estimate of February vehicle sales. The BEA estimated sales of 16.53 million SAAR in February 2019 (Seasonally Adjusted Annual Rate), down 0.8% from the January sales rate, and down 2.3% from February 2018.

2019 is off to a slow start for vehicle sales; averaging 16.6 million through February (average of seasonally adjusted rate).

Annual Vehicle Sales
Click on graph for larger image.

This graph shows annual light vehicle sales since 1976.   Source: BEA.

Sales for 2018 were the fourth best ever, but 2019 is off to a slow start.

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

Vehicle SalesNote: dashed line is current estimated sales rate of 16.53 million SAAR.

A small decline in sales this year isn’t a concern – I think sales will move mostly sideways at near record levels.

This means the economic boost from increasing auto sales is over (from the bottom in 2009, auto sales boosted growth every year through 2016).

Related posts

Idiocy in Spain: Bank Proposal to Build More Houses, Issue More Mortgages, Despite Massive Inventory and Enormous Drop in Sales

Mish Global Economic Trend Analysis

Sky City: China to Build World’s Tallest Building, 220 Stories, in 90 Days

Mish Global Economic Trend Analysis

It’s No Wonder People Don’t Understand the “Public” Debt

Angry Bear

EU Budget Laugh of the Day “No One Is Discussing Quality”

Mish Global Economic Trend Analysis

Via Barry Ritholtz’s  Big Picture comes this PBS six minute …

Angry Bear

Politics and Specific Policies

Angry Bear