USA Population is up 50% since 1976 but not Auto Sales

When we look at auto sales, do we adjust for the number of people in America?

If you see the lower chart, you can see we are just over the trend in Light Vehicle sales. The trend is 16 million and we hit 18 million and backed off to 17 million recently.

It sure looks like the number of cars sold "per person" in the USA is down dramatically over the last 40 years, which means there is plenty more upside potential in auto sales.

These are more tools are available for you at TradingView in the "Economic Data" section that you can graph. Graph and learn.

Tim

12:16PM EST 9/12/2016

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A year has gone by and the negative forecasters and analysts probably wished they had looked at this long term data I posted back then: Auto sales are up and this is despite the fact that lending has been cut back by sub-prime sources. The job market remains strong and the hurricane season was also a monster which destroyed hundreds of thousands of cars this year. Either way, the trend is up. People need cars to get to jobs and financing will be provided to people who need basic transportation. $GM was recently at an all time high, among others. For more sharp insights, keep using TradingView's powerful data and graphing technology.

Dec 3rd, 2017 9:20PM EST

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Commenting and updating 4 months later: still holding high.

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I made a "mid-point" base of 1976-1986 to get a new calculation so it isn't "as bad" as previously mentioned.

Cheers.

9:34AM April 17, 2018