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Economy in Brief

U.S. Light Vehicle Sales Fell in August
by Tom Moeller September 2, 2004

Unit sales of light vehicles in August dropped 3.7% m/m to a 16.60M selling rate. Consensus expectations had been for sales of 17.0M.

Lower sales of both autos and light trucks pulled the total down. Auto sales fell 4.7% and truck sales fell 3.0%.

Domestic light vehicle sales fell 3.7% (-8.0% y/y) and imported vehicle sales dropped 3.7% (-5.5% y/y).

Imports' share of the US market for new vehicles in August was stable at 19.1%.

Light Vehicle Sales (SAAR, Mil.Units) Aug July Y/Y 2003 2002 2001
Total 16.60 17.24 -7.5% 16.69 16.81 17.26
  Autos 7.15 7.50 -8.8% 7.63 8.07 8.48
  Trucks 9.45 9.74 -6.6% 9.06 8.74 8.78
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