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SFY - Auto Sales Slowed In December But Remain In Trend
SoFi Select 500
By Robert Hughes
Sales of light vehicles totaled 16.7 million at an annual rate in December, down from a 17.1 million pace in November (see top chart). The pace of sales in December remains well within the 16-18 million unit range that we have seen for much of the past two decades. Unit vehicle sales fell significantly below the range as the 2008-09 recession began, hitting a low of just 9.0 million in February 2009. Sales began a slow recovery and returned to the 16-18 million range in March 2014 and have remained there for