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Economy in Brief

U.S. Light Vehicle Sales Ease
by Tom Moeller  November 1, 2017

Total sales of light vehicles declined 2.6% during October (+1.2% y/y) to 18.09 million units (SAAR) from 18.57 million in September, according to the Autodata Corporation. Nevertheless, sales remained near the highest level since July 2005.

Light truck sales declined 2.0% (+6.3% y/y) to 11.52 million sales. Domestically-made light trucks eased 2.1% (+4.7% y/y) to 9.49 million units. Imported light truck sales declined 1.6% (+14.5% y/y) to 2.04 million units, but remained near the record high.

Trucks' share of the U.S. vehicle market improved m/m to 63.7%.

The passenger car market also weakened and posted a 3.6% sales decline (-6.7% y/y) to 6.56 million units. Domestically-produced passenger car sales fell 4.0% last month (-6.6% y/y) to 4.75 million units. Sales of imported passenger cars eased 2.4% (-6.8% y/y) to 1.81 million units.

Imports share of the U.S. vehicle market increased to 21.3%. Imports share of the passenger car market rose to 27.6%. Imports share of the light truck market was fairly steady at 17.7%.

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

Light Weight Vehicle Sales (SAAR, Million Units) Oct Sep Aug Oct Y/Y % 2016 2015 2014
Total 18.09 18.57 16.14 1.2 17.55 17.42 16.52
 Autos 6.56 6.81 6.03 -6.7 7.10 7.73 7.92
  Domestic 4.75 4.95 4.36 -6.6 5.20 5.63 5.68
  Imported 1.81 1.85 1.67 -6.8 1.90 2.10 2.24
 Light Trucks 11.52 11.76 10.11 6.3 10.44 9.74 8.60
  Domestic 9.49 9.69 8.32 4.7 8.75 8.37 7.51
  Imported 2.04 2.07 1.79 14.5 1.69 1.38 1.09
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