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Economy in Brief

U.S. Light Vehicle Sales Lackluster
by Tom Moeller March 2, 2005

Unit sales of light vehicles in February edged up 0.5% versus January to 16.30M according to Autodata Corporation. Versus last year sales fell 1.3% and so far in 1Q sales have averaged 16.26M, down from 17.25M in 4Q04.

Sales of light trucks rose a moderate 1.4% m/m but sales of imports posted a 5.3% (+2.0%) gain. Sales of domestic light trucks rose 0.8% (-1.7% y/y).

Total auto sales fell 0.6% following a 10.8% slide in January. Sales of domestic autos fell 2.6% (-3.2% y/y) while imported car sales rose 4.7% (3.5 y/y).

Imports' share of the US market for new vehicles rose to 20.6% in February.

Fed Chairman Alan Greenspan's testimony titled Economic outlook and current fiscal issues can be found here.

Light Vehicle Sales (SAAR, Mil. Units) Feb Jan Y/Y 2004 2003 2002
Total 16.30 16.22 -1.3% 16.88 16.63 16.81
  Autos 7.36 7.41 -1.4% 7.49 7.62 8.07
  Trucks 8.94 8.81 -1.2% 9.39 9.01 8.74
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