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    Market Segment

    February 22, 2023

    US Light Vehicle Sales Edge Down in January

    Written by David Schollaert

    US light-vehicle (LV) sales slowed to an unadjusted sales figure of 1.03 million units in January, the US Bureau of Economic Analysis (BEA) reported. Despite the month-on-month (MoM) decline, January’s total was still 4.2% higher year-on-year (YoY), and the sixth consecutive month to see YoY increases in sales.

    LV sales were up 17.73% MoM in December on an annualized basis, surging to 15.7 million units, and ahead of the consensus forecast of 15.5 million.

    David Schollaert

    David Schollaert is deputy editor-in-chief 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. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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