·
Unit sales of light vehicles fell another 3.4% m/m last month on top of
the 3.1% decline in October to a 16.39M selling rate. Consensus
expectations had been for sales of 16.6M.
· Sales of light trucks again were notably weak, falling 4.1% to the lowest sales rate since June. Domestic light truck sales fell 3.8% m/m (-2.1% y/y) and imported light truck sales were off 5.9% (+1.7% y/y).
· Lower sales of imported autos, down 9.7% (+5.4% y/y), led total auto sales 2.5% m/m lower following two months of gain. Sales of domestic autos rose 1.0% (-9.2% y/y).
· Imports' share of the US market for new vehicles slipped to 21.0%.