Core Report | February 3, 2023

U.S. light vehicle sales recorded their fifth consecutive year-over-year increase in January. The sales rate increased to a 20-month high of 15.7 million units, up from the December rate of 13.3 million units. Actual sales slipped slightly from December but were up compared to January 2022. Looking on a year-over-year basis, both car and light truck sales increased, climbing 3.1% and 6.0%, respectively.