by Calculated Risk on 6/01/2022 05:28:00 PM
Wards Auto released their estimate of light vehicle sales for May. Wards Auto estimates sales of 12.68 million SAAR in May 2022 (Seasonally Adjusted Annual Rate), down 11.2% from the April sales rate, and down 24.9% from May 2021.
This graph shows light vehicle sales since 2006 from the BEA (blue) and Wards Auto’s estimate for May (red).
The impact of COVID-19 was significant, and April 2020 was the worst month. After April 2020, sales increased, and were close to sales in 2019 (the year before the pandemic).