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Economy in Brief

U.S. Vehicle Sales Stay Flat At Improved Level
by Tom Moeller   December 02, 2010

Unit sales of light vehicles remained unchanged last month versus October at 12.26M units (SAAR). Sales were stronger than expectations for 12.0M. (Seasonal adjustment of these figures is provided by the U.S. Bureau of Economic Analysis.) So far this year, monthly sales averaged 11.49M (AR), up 11.4% from last year's first eleven months.

Light truck sales slipped 0.5% m/m led by a 2.4% decline in domestics to 5.30M following a 10.5% October spurt. Sales of imported light trucks increased 9.9% m/m to 1.07M after a 1.1% October increase. Auto sales rose 0.6% to 5.89M, recovering a 0.5% slip. A 3.8% increase in domestics offset a 4.5% decline in imports.

For the month, import's share of the U.S. light vehicle market held m/m at 26.4%. (Imported vehicles are those produced outside the United States.) Imports' share of the U.S. car market fell to 36.8% from the October record. Still, it was above the 34.7% for all of 2009. Imports' share of the light truck market improved m/m to 16.8% and remained below the 19.7% during all of last year.

The U.S. vehicle sales figures can be found in Haver's USECON database.

Light Vehicle Sales (SAAR, Mil. Units) Nov. Oct. Sept. Nov.
Y/Y %
2009 2008 2007
Total 12.26 12.26 11.76 12.9 10.38 13.22 16.16
 Autos 5.89 5.85 5.88 4.1 5.45 6.76 7.58
   Domestic 3.72 3.59 3.61 -1.7 3.56 4.44 5.06
   Imported 2.16 2.27 2.28 15.9 1.89 2.32 2.52
 Light Trucks 6.37 6.41 5.88 22.5 4.93 6.46 8.60
   Domestic 5.30 5.43 4.92 22.6 3.96 5.28 7.10
   Imported 1.07 0.97 0.96 22.0 0.96 1.18 1.47
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