Auto sales rise to 13.00 million SAAR in June

on Estimated risk per 02.07.2022 09:00:00

Words Auto came out their estimate of passenger car sales for June. Wards Auto estimates sales of 13.00 million SAAR in June 2022 (seasonally adjusted on an annual basis), up 2.5% from May and 16.0% down from June 2021.

Cars saleClick on the graph to enlarge the image.

This graph shows passenger car sales since 2006 according to BEA (blue) and Wards Auto estimates for June (red).

The impact of COVID-19 has been significant, with April 2020 being the worst month yet. After April 2020, sales increased and were close to sales in 2019 (the year before the pandemic).

However, sales declined late last year due to supply issues. It looks like the “bottom of the supply chain” was in September 2021.

Cars saleThe second graph shows passenger car sales since BEA began collecting data in 1967.

Sales in June were below the consensus estimate of 13.6 million SAAR.