by Calculated Threat on 9/04/2024 05:55:00 PM
Wards Auto launched their estimate of sunshine automobile gross sales for August: August U.S. Mild-Automobile Gross sales Rise 4%, Ending Two Straight Declines (pay website).
Development was strong in August regardless of the interval’s outcomes equaling a 7-month-low SAAR. Nonetheless, after rising 3.4% year-over-year within the first 5 months of 2024, demand over the three months since then has been almost flat. Calendar-year 2024 gross sales by means of August totaled 10.5 million models, 2.2% above like-2023’s 10.3 million.
Click on on graph for bigger picture.
This graph reveals mild automobile gross sales since 2006 from the BEA (blue) and Wards’ estimate for Augus (purple).
Gross sales in August have been beneath the consensus forecast of 15.4 million.
The second graph reveals mild automobile gross sales because the BEA began holding knowledge in 1967. 
