Recent Updates

  • Indonesia: External Debt (May)
  • US: MTIS (May), Advance Retail Sales (Jun)
  • Jordan: Foreign Reserves (Jun)
  • Existing Home Sales (Jun)
  • US: Empire State Mfg Survey (Jul)
  • Brazil: Economic Activity (May)
  • France: France: Producer Cost Indices for Construction (Apr), Financing Access Survey (Q2)
  • China: NCI Economic Activity Index (Jul)
  • more updates...

Economy in Brief

U.S. Light Vehicle Sales Crest 10-Year High, Led by Imported Light Trucks
by Tom Moeller  September 1, 2015

The light vehicle market remains on fire. Total sales of light vehicles increased 1.5% during August to 17.81 million units (SAAR, 2.8% y/y). It was the highest level of sales since July 2005.

Light truck purchases led last month's sales strength and improved 3.4% to 10.08 million units (11.6% y/y). Trucks share of the total vehicle market improved to 56.6%, up from an August 2009 low of 42.8%. Imported truck sales surged 13.7% to 1.54 million units, up by more than one quarter y/y, and reached the 2007 high. They accounted for an improved 15.3% of total truck sales. Sales of domestic light trucks increased 1.7% to 8.54 million units (9.0% y/y).

Auto sales eased 0.9% last month to 7.73 million units, down 6.7% y/y, following July's 2.4% rise. Domestic auto sales declined 3.5% to 5.60 million (-7.5% y/y), a level they neared in January 2013. Imported car sales strengthened 6.7% to 2.13 million but remained down 4.6% y/y.

Imports share of the market for light vehicles rebounded m/m to 20.6%, but that still was lower than a high of 30.7% in February 2009. Imports share of the passenger car market increased m/m to 27.5%, but that was below the 34.8% peak during all of 2010. Imports share of the light truck market improved to 15.3%, the highest level since January 2012s.

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

Light Vehicle Sales (SAAR, Mil. Units) Aug Jul Jun Aug Y/Y % 2014 2013 2012
Total 17.81 17.55 17.00 2.8 16.49 15.58 14.48
 Autos 7.73 7.80 7.62 -6.7 7.89 7.78 7.42
  Domestic 5.60 5.81 5.51 -7.5 5.65 5.48 5.10
  Imported 2.13 2.00 2.10 -4.6 2.24 2.30 2.32
 Light Trucks 10.08 9.75 9.38 11.6 8.60 7.81 7.06
  Domestic 8.54 8.39 8.03 9.0 7.51 6.73 6.09
  Imported 1.54 1.36 1.35 28.2 1.09 1.08 0.97
close
large image