by Calculated Danger on 12/04/2024 02:09:00 PM
This graph exhibits heavy truck gross sales since 1967 utilizing knowledge from the BEA. The dashed line is the November 2024 seasonally adjusted annual gross sales fee (SAAR) of 507 thousand.
Heavy truck gross sales actually collapsed in the course of the nice recession, falling to a low of 180 thousand SAAR in Could 2009. Then heavy truck gross sales elevated to a brand new file excessive of 570 thousand SAAR in April 2019.
Click on on graph for bigger picture.
Be aware: “Heavy trucks – trucks more than 14,000 pounds gross vehicle weight.”
Heavy truck gross sales had been at 507 thousand SAAR in November, up from a revised 463 thousand in October, and up 3.7% from 489 thousand SAAR in November 2023. Â
Normally, heavy truck gross sales decline sharply previous to a recession. Gross sales had been stable in November, and gross sales for October had been revised up considerably.
The second graph exhibits mild automobile gross sales because the BEA began preserving knowledge in 1967. Car gross sales had been at 16.50 million SAAR in November, up from 16.25 million in October, and up 6.7% from 15.46 million in November 2023.
