US auto sales in October 2022
US light-vehicle sales ran at a seasonally adjusted annual rate (SAAR) of 14.69 million in October 2022, up 1.09 million (8.0%) from September 2022, and up 15.0% from October 2021. That was the fastest selling pace since June 2021. About 1.18 million new cars and light trucks were sold during the month (actual units, not seasonally adjusted), 12.4% more than in October 2021. Through October, 11.35 million have been sold in 2022, down 10.8% from the same months of 2021. Light trucks — pickups, SUVs, crossovers and vans — made up 79.4% of light-vehicle sales, compared with 80.0% a year earlier.
Sales breakdown
| October 2022 | Value | A year earlier | Change |
|---|---|---|---|
| Light vehicles, SAAR | 14.69M | 12.78M | +15.0% |
| · Cars (autos), SAAR | 3.03M | — | +18.3% |
| · Light trucks, SAAR | 11.66M | — | +14.1% |
| Heavy trucks, SAAR | 510K | 446K | +14.3% |
| Units sold in the month | 1.18M | 1.05M | +12.4% |
| Units sold, year to date | 11.35M | 12.73M | -10.8% |
| US assemblies, cars & light trucks, SAAR | 10.51M | 8.85M | +18.8% |
| Dealer & parts-store sales (month) | $133.7B | — | +6.5% |
SAAR = seasonally adjusted annual rate. Heavy trucks = total vehicle sales minus light vehicles (BEA's definition). Units sold are actual sales in the month, not seasonally adjusted.
Cars vs light trucks
Prices
| CPI, Oct 2022 | 12-mo | 1-mo |
|---|---|---|
| New vehicles | +8.4% | +0.5% |
| Used cars & trucks | +2.0% | -2.3% |
| Maintenance & repair | +10.3% | +0.7% |
Consumer price index for all urban consumers (BLS), not seasonally adjusted; red = costs rising for buyers. The CPI for a month is released mid-way through the next month, so it can trail the sales data.
Over the 12 months to October 2022, according to the consumer price index, new-vehicle prices rose 8.4%, used-car and truck prices rose 2.0% and maintenance and repair costs rose 10.3%.
Financing & inventories
Average finance rate on new-car loans at commercial banks (Federal Reserve G.19), surveyed in the middle month of each quarter; latest 2022-08.
October 2022 vs October 2021
Frequently asked questions
What was the US auto sales SAAR in October 2022?
US light-vehicle sales ran at a seasonally adjusted annual rate (SAAR) of 14.69 million in October 2022, up 1.09 million (8.0%) from September 2022, and up 15.0% from October 2021. That was the fastest selling pace since June 2021.
How many cars were sold in October 2022?
About 1.18 million new cars and light trucks were sold during the month (actual units, not seasonally adjusted), 12.4% more than in October 2021.
Sources: U.S. Bureau of Economic Analysis (vehicle unit sales), U.S. Bureau of Labor Statistics (consumer prices), Federal Reserve Board (G.19 auto loan rates, G.17 assemblies), U.S. Census Bureau (dealer sales), all via FRED, Federal Reserve Bank of St. Louis. Figures are revised by the agencies; this page shows the latest published values. Data checked Nov 6, 5:41 PM ET. Not investment advice.