Wednesday, April 28, 2010

Chart of the Day: March Vehicle Sales Up 21%

These figures have been out for awhile, so this is a little outdated, but I'm using the chart for a talk tomorrow and thought I'd post it, with an explanation of the lag. Vehicle sales increased in March by 21.3% compared to the same month last year, the highest annual increase since July 2005 (data here).

3 Comments:

At 4/28/2010 4:32 PM, Blogger Economy Lessons Blog said...

A sign of the American recovery. Also, at March, retail sales increased a 1'6%.

 
At 4/28/2010 4:54 PM, Anonymous morganovich said...

sales are still barely above their 30 year low in actual units.

these % figures are very misleading after such and extreme drop.

look at the unit chart in the link and see if that looks like recovery to you.

 
At 4/28/2010 5:37 PM, Anonymous Anonymous said...

The average auto sales count for the 10 year period from 1997-2007 was 16 million. That's the trend line. March sales were a 11.8 million run rate and edmunds.com estimates that the April rate was 11.2 million. Wow, what a V-shape.

 

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