The BEA released their estimate of light vehicle sales for February this morning. The BEA estimates sales of 15.67 million SAAR in February 2021 (Seasonally Adjusted Annual Rate), down 5.7% from the January sales rate, and down 6.6% from February 2020.
This graph shows light vehicle sales since 2006 from the BEA (blue) and the BEA’s estimate for February (red).
The impact of COVID-19 was significant, and April was the worst month.
Since April, sales have increased, but are still down year-over-year,
The second graph shows light vehicle sales since the BEA started keeping data in 1967.
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