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Economy in Brief

U.S. Vehicle Sales Reach Expansion High
by Tom Moeller  April 1, 2014

According to the Autodata Corporation, unit sales of light vehicle sales during March rose 7.1% y/y to 16.40 million (SAAR), roughly the highest level since February 2007. On a month-to-month basis, sales improved 6.9%.

Sales of light trucks increased a strong 8.1% m/m (11.9% y/y) to 8.65 million, pulling them to the highest level since September 2007. Sales of domestic light truck sales rebounded 8.1% (12.8% y/y) to 7.56 million. Imported light truck sales weren't far behind with a 7.6% (6.0% y/y) gain to 1.09 million.

Auto purchases also posted a firm 5.6% (2.2% y/y) rise to 7.75 million but they were down from November's high of 8.14 million. Sales of domestic autos improved 5.5% (1.2% y/y) to 5.48 million. Sales of imports gained 5.8% (5.2% y/y) to 2.27 million.

Imports' share of the U.S. light vehicle market held roughly steady at 20.5% last month. By vehicle type, imports' share of the U.S. car market was roughly steady at 29.3%. Imports' share of the light truck market held at 12.6%.

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

Light Vehicle Sales (SAAR, Mil. Units) Mar Feb Jan Y/Y % 2013 2012 2011
Total 16.40 15.34 15.24 7.1 15.55 14.49 12.78
 Autos 7.75 7.34 7.30 2.3 7.77 7.42 6.23
  Domestic 5.48 5.19 5.12 1.2 5.47 5.10 4.21
  Imported 2.27 2.15 2.17 5.2 2.29 2.32 2.02
 Light Trucks 8.65 8.00 7.95 11.9 7.79 7.08 6.55
  Domestic 7.56 6.99 7.00 12.8 6.71 6.10 5.55
  Imported 1.09 1.01 0.95 6.0 1.08 0.97 1.00
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