Recent Updates

  • US: Consumer Sentiment (Jan-prelim), GDP by Industry (Q3)
  • Consumer Sentiment Detail (Jan-prelim)
  • Canada: MSIO, Intl Transactions in Securities (Nov)
  • Ivory Coast: IP (Nov); South Africa: Financial Soundness Indicators (Nov); Turkey: House Sales (Dec), IIP (Nov)
  • Spain: International Trade (Nov)
  • Italy: BOP (Nov)
  • UK: Retail Sales (Dec)
  • Euro area: Balance of Payments (Nov)
  • more updates...

Economy in Brief

U.S. Vehicle Sales Are High and Stable M/M
by Tom Moeller  May 1, 2012

Sales of light motor vehicles during April remained near the four-year high. Unit vehicle sales edged up 0.3% m/m to 14.42M (AR), according to Autodata Corporation. That sales rate was 9.5% higher than last April and remained nearly the highest since March 2008. It matched the Consensus estimate for 14.4M sales, according to Bloomberg.

Auto sales slipped 2.2% m/m (+11.4% y/y) to 7.47M. Domestic car sales fell 3.4% to 4.96M (+8.0% y/y) and imports were unchanged at 2.50M (+18.9% y/y). Light truck sales rose 3.3% (7.4% y/y) to 6.73M, the highest level since December. Domestic truck purchases rose 4.3% (9.0% y/y) to 5.96M while sales of imported light trucks fell 2.4% (-1.0% y/y) to 0.99M.

Imports' share of the U.S. light vehicle market was roughly unchanged at 24.2% in April, up slightly from twelve months earlier. (Imported vehicles are those produced outside the United States.) That share was, however, down from its peak of 29.9% in Q1'09. The lower foreign exchange value of the dollar played a role as it made imports relatively more expensive. Imports' share of the U.S. car market roughly improved m/m to 33.5% but was down from its 38.1% peak. Imports' share of the light truck market slipped to 14.2% last month, down from its 23.9% peak in early '09. 

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

Light Vehicle Sales (SAAR, Mil. Units) Apr Mar Feb Y/Y % 2011 2010 2009
Total 14.42 14.37 15.10 9.5 12.78 11.58 10.38
 Autos 7.47 7.64 8.21 11.4 6.24 5.79 5.45
  Domestic 4.96 5.14 5.48 8.0 4.22 3.78 3.56
  Imported 2.50 2.50 2.72 18.9 2.02 2.00 1.89
 Light Trucks 6.95 6.73 6.89 7.4 6.54 5.79 4.93
  Domestic 5.96 5.72 5.87 9.0 5.55 4.84 3.96
  Imported 0.99 1.01 1.03 -1.0 1.00 0.96 0.97
close
large image