Tuesday, February 02, 2010
Jan US Light Vehicle Sales Drop 4% From Dec (SAAR)
As per the estimates from Autodata Corp., US Light Vehicle sales dropped 4% from Dec (11.25M SAAR) to Jan (10.78M SAAR). The chart below depicts monthly SAAR no.s from Jan'09 to Jan'10. Note that the spike in August is due to the effect of "Cash for Clunkers" program. Although year over year comparison looks good due to a weak first half of 2009, this no. is really low on an absolute scale if we compare it to over 16M SAAR in 2007. It's going to take us a lot of years to reach the peak of 2007.
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