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Economy in Brief

U.S. Light Vehicle Sales Remain Firm
by Tom Moeller  November 3, 2014

According to the Autodata Corporation, October sales of light vehicles held fairly steady at 16.46 million units (SAAR) versus 16.43 million in September. Sales were up 7.0% y/y.

Auto sales in October improved 2.9% versus September (3.8% y/y) to 7.97 million units. Sales of domestically-produced autos gained 4.5% (8.5% y/y) to 5.88 million while sales of imports dropped 1.1% (-7.4% y/y) to 2.10 million.

Light truck sales fell 2.3% (+10.2% y/y) to 8.49 million units. Sales of domestically-produced light trucks were off 1.7% (+12.6% y/y) to 7.41 million and imported light truck sales fell 6.2% (-3.4% y/y) to 1.08 million.

The import share of light vehicle sales declined to 19.3%, nearly its lowest reading since January 2006. The import share of auto sales fell to 26.3%, down from 34.8% during all of 2010, while the import share of light trucks was roughly steady at 12.7%.

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

Light Vehicle Sales (SAAR, Mil. Units) Oct Sep Aug Y/Y % 2013 2012 2011
Total 16.46 16.43 17.53 7.0 15.56 14.49 12.78
 Autos 7.97 7.74 8.44 3.8 7.77 7.42 6.23
  Domestic 5.88 5.63 6.19 8.5 5.47 5.10 4.21
  Imported 2.10 2.12 2.24 -7.4 2.29 2.32 2.02
 Light Trucks 8.49 8.69 9.10 10.2 7.79 7.08 6.55
  Domestic 7.41 7.54 7.89 12.6 6.71 6.10 5.55
  Imported 1.08 1.15 1.21 -3.4 1.08 0.97 1.00
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