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Economy in Brief
Philadelphia Fed Factory Conditions Recover; Prices Surge
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rebounded to 25.7 during July...
U.S. Initial Unemployment Insurance Claims Hit Lowest Since 1969
Initial claims for unemployment insurance dropped to 207,000 during the week ended July 14...
Japan's Trade Deficit Swings Back to Surplus (Small Surplus)
Japan's early June trade results show a goods trade position having swung back to surplus in June from deficit in May...
U.S. Housing Starts Weaken Unexpectedly
Total housing starts declined 12.3% (-4.2% y/y) during June to 1.173 million (AR)...
U.S. Mortgage Loan Applications Reverse Earlier Increase
The MBA total Mortgage Applications Index declined 2.5% last week (-12.8% y/y)...
by Tom Moeller December 2, 2005
According to the Autodata Corporation, November US sales of light vehicles recovered most of the prior month's decline with a 6.7% m/m rise to 15.74M. The increase, however, failed to recoup the decline during the prior three months. As a result, the average of sales so far during 2005 is about equal to all of 2004.
Sales of US made cars & trucks improved 8.6% m/m. Domestic truck sales rose 11.8% (-11.8% y/y) while car sales rose a lesser 4.8% (2.6% y/y).
Sales of imported cars & trucks rose a modest 0.2% m/m (-3.3% y/y) as sales of imported trucks rose 0.8% (-8.5% y/y) and imported auto sales fell slightly (-0.5% y/y).
Import's share of the US light vehicle market slipped m/m to 21.2%.
| Light Vehicle Sales (SAAR, Mil. Units) | Nov | Oct | Y/Y | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| Total | 15.74 | 14.75 | -5.5% | 16.87 | 16.63 | 16.81 |
| Autos | 7.56 | 7.32 | 1.7% | 7.49 | 7.62 | 8.07 |
| Trucks | 8.18 | 7.42 | -11.3% | 9.37 | 9.01 | 8.74 |
