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”