Recent Updates
- Australia: Job Vacancy Report (Jun)
- Markit PMI: Manufacturing Survey - Australia, Japan (Jun)
- New Zealand: International Trade, Trade by HS Commodity, Trade by Country by Commodity (Jun)
- more updates...
Economy in Brief
U.S. FHFA House Price Index Increases Minimally M/M, Weakens Y/Y
The FHFA U.S. House Price Index for home purchases inched 0.1% higher during May...
Philadelphia Fed Nonmanufacturing Business Activity in Partial Rebound
The Philadelphia Fed reported that its Nonmanufacturing Business Index of current conditions at the company level rose to 24.6 in July...
U.S. Energy Product Prices Slip
The pump price for a gallon of regular gasoline in the U.S. backpedaled to $2.75 (-2.9% y/y) last week...
U.K. CBI Survey-Weaker with Improved Outlook at Least on Paper
A plunge in orders vs. a slight uptick in expected output ahead...
Chicago Fed National Activity Index Steadies
The Chicago Fed reported that its National Activity index was little changed at -0.02 during June...
by Tom Moeller November 4, 2004
Unit sales of light vehicles dropped 3.1% m/m in October to a 16.96M selling rate. Consensus expectations had been for sales of 16.7M.
Sales of light trucks gave back all of September's gain with a 7.3% m/m drop as sweetened sales incentives were scaled back and also as gasoline prices breeched $2.00 per gallon. Domestic light truck sales dropped 9.2% m/m but imported light truck sales rose 6.9%.
Total auto sales rose 2.8% m/m for the second consecutive monthly gain on the strength of a 19.4% rise in imported auto sales. Sales of domestic autos fell 3.7%.
Imports' share of the US market for new vehicles ballooned to 22.1%, the highest since early 1991.
| Light Vehicle Sales (SAAR, Mil.Units) | Oct | Sept | Y/Y | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|
| Total | 16.96 | 17.51 | 3.1% | 16.69 | 16.81 | 17.26 |
| Autos | 7.53 | 7.33 | -3.9% | 7.63 | 8.07 | 8.48 |
| Trucks | 9.43 | 10.18 | 8.9% | 9.06 | 8.74 | 8.78 |
