Car sales strong! Beige book soft

U.S. Light Vehicle Sales increase to 17.45 million annual rate in August, Highest since Jan 2006

By Bill McBride

Based on an WardsAuto estimate, light vehicle sales were at a 17.45 million SAAR in August. That is up 10% from August 2013, and up 6.4% from the 16.4 million annual sales rate last month.

This was well above the consensus forecast of 16.5 million SAAR (seasonally adjusted annual rate).


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Fed’s Beige book soft:

Fed’s Beige Book: Economic Activity Expanded, No “distinct shift in the overall pace of growth”