US Light Vehicle Sales Accelerate Again in September

US light vehicle (LV) sales grew in September, coming in at 1.15 million units, unadjusted. Last month’s total was a 10.8% increase year-on-year (YoY), the US Bureau of Economic Analysis (BEA) reported.

The YoY gain was just the second since July 2021. While this was the second consecutive month of YoY increases, it was helped by weak sales during 2021. US vehicle sales also rose 2.8% month-over-month (MoM) in September, rising to 13.5 million units annualized. This was the best result since April as the reading came in line with consensus estimates.

Automotive

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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