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Economy in Brief

U.S. Vehicle Sales Lowest Since 2005
by Tom Moeller July 5, 2007

Last month, U.S. sales of light vehicles fell for the sixth consecutive month this year. The 3.4% m/m decline to an annualized selling rate of 15.6M units, according to the Autodata Corporation, was to the lowest level since October 2005

Sales of imported vehicles held about steady m/m, due to sharp discounting, at a 4.00M selling rate (4.4% y/y). Sales of imported cars ticked up by 0.9% y/y but sales of imported light trucks surged 11.4% y/y.

Domestic car sales fell a hard 5.0%m/m (-2.1% y/y) after a 9.2% jump during May. Sales of domestic light trucks also fell a sharp 4.2% m/m (-8.9% y/y during June after an 8.9% drop the prior month.

Light Vehicle Sales (SAAR, Mil. Units) June May Y/Y 2006 2005 2004
Total 15.60 16.16 -3.5% 16.55 16.96 16.87
  Autos 7.63 7.96 -1.1% 7.77 7.65 7.49
  Trucks 7.97 8.20 -5.8% 8.78 9.32 9.37
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