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Economy in Brief

U.S. Vehicle Sales Up a Bit
by Tom Moeller July 5, 2006

US light vehicle sales in June rose 1.3% m/m to 16.30M units and recaptured a piece of the prior month's 3.9% drop, according to the Autodata Corporation. Consensus expectations had been for sales of 16.4M units.

Overall light truck sales rose 3.6% (-17.2% y/y) last month as sales of imported light trucks rose 2.3% m/m (5.1% y/y) and domestic truck sales recovered all of the prior month's decline with a 3.9% rise (-20.2% y/y).

Auto sales slipped for the second consecutive month in June with a 1.2% decline (+3.1% y/y). Domestic car sales fell 0.2% (-1.8% y/y) while sales of imported autos fell 3.1% (+14.7% y/y).

Imports' share of the US light vehicle market slipped to 23.7% from a record 24.5% during May but remained up versus 20.4% during all of last year.

Light Vehicle Sales (SAAR, Mil. Units) June May Y/Y 2005 2004 2003
Total 16.30 16.10 -8.7% 16.92 16.87 16.63
  Autos 7.69 7.79 3.1% 7.65 7.49 7.62
  Trucks 8.61 8.31 -17.2% 9.27 9.37 9.01
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