by Calculated Risk on 7/02/2025 08:52:00 AM
The BEA reported this morning that light vehicle sales were at 15.34 million in June on a seasonally adjusted annual rate basis (SAAR).
This was down 1.7% from the sales rate in May, and up 2.3% from June 2024.
Note that sales in June 2024 were depressed by a cyberattack impacting dealers’ online systems. This makes the YoY comparison look better.
Click on graph for larger image.
This graph shows light vehicle sales since 2006 from the BEA (blue) through June (red).
Vehicle sales were over 17 million SAAR in March and April as consumers rushed to “beat the tariffs”.
Since then, sales have declined for two consecutive months.
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
Sales in June were below the consensus forecast of 15.5 million SAAR.
