The BEA released their estimate of light vehicle sales for December. The BEA estimates sales of 13.31 million SAAR in December 2022 (Seasonally Adjusted Annual Rate), down 6.3% from the November sales rate, and up 4.7% from December 2021.
The first graph shows annual sales since 1976.
Light vehicle sales in 2022 were at 13.73 million, down 8.1% from 14.95 million in 2021.
Sales in 2022 were impacted significantly by supply chain disruptions, and sales were still down 19% from the 2019 level.
The second graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the December 2022 seasonally adjusted annual sales rate (SAAR).
Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May 2009. Then heavy truck sales increased to a new all-time high of 570 thousand SAAR in April 2019.