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Economy in Brief

U.S. Vehicle Sales Back Off A Bit
by Tom Moeller  August 1, 2014

According to the Autodata Corporation, sales of light vehicles declined 2.5% during July to 16.48 million units (SAAR). Sales still were 4.6% higher y/y. Moreover, sales were 2.7% higher versus December and up 82.2% since the recession low in 2009.

Auto purchases declined 3.6% (+1.2% y/y) to 8.00 million after a 2.5% rise during June. Sales of domestic autos fell 1.9% (+3.2% y/y) to 5.78 million after a 3.4% gain. Sales of imports declined 7.6% (-3.7% y/y) to 2.21 million following a 0.4% uptick.

Sales of light trucks declined 1.4% m/m (+8.0% y/y) to 8.49 million. The fall was the third in the last four months. Domestic light truck sales declined 1.4% (+9.9% y/y) to 7.38 million, about the same fall as in June. Sales of imported light trucks fell 1.6% (-3.7% y/y) to 1.10 million, following two monthly increases of just over 5%.

Imports' share of the U.S. light vehicle market fell to 20.1% last month. That's versus a high of 30.7% in February 2009. By vehicle type, imports' share of the U.S. car market fell to 27.7%, the lowest level since January 2006. Imports' share of the light truck market was unchanged at 13.0%.

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

Light Vehicle Sales (SAAR, Mil. Units) Jul Jun May Y/Y % 2013 2012 2011
Total 16.48 16.90 16.73 4.6 15.56 14.49 12.78
 Autos 8.00 8.29 8.09 1.2 7.77 7.42 6.23
  Domestic 5.78 5.90 5.70 3.2 5.47 5.10 4.21
  Imported 2.21 2.40 2.39 -3.7 2.29 2.32 2.02
 Light Trucks 8.49 8.61 8.64 8.0 7.79 7.08 6.55
  Domestic 7.38 7.49 7.58 9.9 6.71 6.10 5.55
  Imported 1.10 1.12 1.07 -3.7 1.08 0.97 1.00
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