by Calculated Threat on 11/12/2024 12:03:00 PM
This graph exhibits heavy truck gross sales since 1967 utilizing information from the BEA. The dashed line is the October 2024 seasonally adjusted annual gross sales charge (SAAR) of 477 thousand.
Heavy truck gross sales actually collapsed throughout the nice recession, falling to a low of 180 thousand SAAR in Could 2009. Then heavy truck gross sales elevated to a brand new report excessive of 570 thousand SAAR in April 2019.
Click on on graph for bigger picture.
Notice: “Heavy trucks – trucks more than 14,000 pounds gross vehicle weight.”
Heavy truck gross sales have been at 390 thousand SAAR in October, down from 476 thousand in September, and down 14.4% from 455 thousand SAAR in October 2023.
Often, heavy truck gross sales decline sharply previous to a recession. This is only one month, and gross sales may need been impacted by the hurricanes (and might be revised up).
In the meantime, as I discussed earlier, gentle car gross sales elevated in October.
The second graph exhibits gentle car gross sales because the BEA began protecting information in 1967. Car gross sales have been at 16.04 million SAAR in October, up from 15.77 million in September, and up 4.5% from 15.34 million in October 2023.
