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”