Car Wreck

FRED Light Vehicle Sales

Jill Mislinski: https://www.advisorperspectives.com/dshort/updates/2021/02/04/vehicle-sales-per-capita-as-of-december-2020

The latest data point is the December count published by the BEA in their monthly Auto and Truck Seasonal Adjustment report, which shows a seasonally adjusted annual rate of 16.3 million units, which is a 4.0% decrease from the previous month’s figure from the BEA.

The first chart shows the series since 2007, which illustrates the dramatic impact of the Great Recession. The blue line smooths the volatility with a nine-month exponential moving average suggested by our friend Bob Bronson of Bronson Capital Markets Research. The moving average reduces the distortion of seasonal sales events (e.g., Memorial Day and Labor Day weekend) and thus helps us visualize the trend.

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