Total sales of light vehicles declined 3.5% during June to 17.16 million units (+1.5% y/y) following May's 7.8% jump to the highest level since July 2005.

Auto sales declined 4.0% last month to 7.78 million units (-6.1 y/y) after May's 10.1% increase. Domestic auto sales were off 4.5% to 5.61 million (-4.9% y/y) after a 10.7% jump. Imported car sales eased 2.7% to 2.18 million (-9.2% y/y) following an 8.6% rise.

Light truck purchases fell 3.2% to 9.37 million units (+8.9% y/y), giving back most of May's 5.9% increase. Trucks share of the total vehicle market nudged up to 54.6%. Imported truck sales improved 2.7% to 1.36 million (21.2% y/y) on the heels of four straight months of solid increase. Sales were at the highest level since March 2008. Domestic light truck sales eased 4.1% to 8.01 million (+7.0% y/y) after a 6.3% rise.

Imports share of the market for light vehicles improved to 20.6%, but still was down versus a high of 30.7% in February 2009. Imports share of the passenger car market notched up to 27.9%. Imports share of the light truck market rose to 14.5%, the highest level since March 2012.

U.S. vehicle sales figures are published by Autodata and can be found in Haver's USECON database.

Economy to Roll Along at a Solid Pace in 2015 and Accelerate Slightly in 2016 from the Federal Reserve Bank of Chicago can be found here.