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    Analysis

    March 22, 2023

    US Light Vehicle Sales Edge Down Again in February

    Written by David Schollaert

    US light-vehicle (LV) sales declined to an unadjusted 1.14 million units in February, the US Bureau of Economic Analysis (BEA) reported. Despite the month-on-month (MoM) decline, February’s total was still 8.7% higher year-on-year (YoY), and the seventh consecutive month to see a YoY increase in sales.

    On an annualized basis, LV sales were down 6.2% MoM in February, declining to 14.9 million units, just slightly ahead of the consensus forecast of 14.7 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.

    Read more from David Schollaert

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