The above chart provides a historical view of U.S. vehicle sales. The data is seasonally adjusted at an annual rate. From November 2008 to May 2009, U.S. vehicle sales have been averaging about 10 million units at an annual rate. This is less than half the recent peak reached in 2005.
Data source:
U.S. Bureau of Economic Analysis
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It would be nice to see this in per capita terms, or per 100 people. That’d show us if people had been buying cars at a more rapid rate than before, and how severe this downturn is in terms of people choosing to hold onto their old cars longer.
Comment by David Roth — July 28, 2009 @ 11:41 pm