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Economy in Brief
U.S. Housing Affordability Fell Back in February, but Still in Recent Range
The NAR U.S. Fixed Rate Mortgage Housing Affordability Index decreased 7.6% (-1.4% y/y) in February to 173.1...
European New Car Registrations Remarkably Strong Yet Forgettable
Car registrations are not going to be the only statistic that bears these dual and seemingly dueling characteristics...
U.S. Retail Sales Soar in March
Total retail sales including food service and drinking establishments increased 9.8% (27.7% y/y) during March...
U.S. Industrial Production Rebounded in March
Industrial production rebounded in March, rising 1.4% m/m (+1.0% y/y)...
U.S. Home Builder Index Edges Higher in April
The NAHB-Wells Fargo Composite Housing Market Index rose 1.2% to 83 during April...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller July 1, 2015
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.
Light Vehicle Sales (SAAR, Mil. Units) | Jun | May | Apr | Y/Y % | 2014 | 2013 | 2012 |
---|---|---|---|---|---|---|---|
Total | 17.16 | 17.79 | 16.50 | 1.5 | 16.49 | 15.58 | 14.48 |
Autos | 7.78 | 8.11 | 7.36 | -6.1 | 7.91 | 7.78 | 7.42 |
Domestic | 5.61 | 5.87 | 5.31 | -4.9 | 5.68 | 5.48 | 5.10 |
Imported | 2.18 | 2.23 | 2.06 | -9.2 | 2.23 | 2.30 | 2.32 |
Light Trucks | 9.37 | 9.68 | 9.14 | 8.9 | 8.58 | 7.81 | 7.06 |
Domestic | 8.01 | 8.36 | 7.86 | 7.0 | 7.50 | 6.73 | 6.09 |
Imported | 1.36 | 1.32 | 1.28 | 21.2 | 1.08 | 1.08 | 0.97 |