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Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller July 3, 2018
Total sales of light vehicles increased 3.3% during June (4.6% y/y) to 17.47 million units (SAAR) and recovered declines during the prior two months, according to the Autodata Corporation. Nevertheless, the increase left sales 5.9% below the 18.57 million unit high reached last September. June sales have declined 2.2% since December, following a 1.7% twelve-month shortfall during 2017.
Sales of light trucks increased 4.8% (12.0% y/y) to 12.01 million units. Domestic light truck sales rose 5.9% (8.0% y/y) to 9.61 million units. Sales of imported light trucks gained 0.4% (32.0% y/y) to 2.40 million units.
Passenger car sales were fairly steady m/m at 5.46 (-8.8% y/y) million units. Sales of domestically-made autos increased 1.3% (-8.3% y/y) to 3.97 million units. Sales of imported passenger cars fell 3.0% (-9.9% y/y) to 1.49 million units.
Trucks' share of the U.S. vehicle market rose to 68.8% in June and remained up versus 63.2% during all of last year and 48.8% during all of 2008.
Imports' share of the U.S. vehicle market eased to 22.3% last month, up from 19.9% in 2015. Imports' share of the passenger car market fell to 27.3% from 27.7% last year. Imports share of the light truck market slipped to 20.0%, up from a 12.7% low during 2014.
U.S. vehicle sales figures can be found in Haver's USECON database.
Jun | May | Apr | Jun Y/Y % | 2017 | 2016 | 2015 | |
---|---|---|---|---|---|---|---|
Total | 17.47 | 16.91 | 17.17 | 4.6 | 17.27 | 17.55 | 17.48 |
Autos | 5.46 | 5.44 | 5.43 | -8.8 | 6.35 | 7.10 | 7.73 |
Domestic | 3.97 | 3.91 | 3.91 | -8.3 | 4.59 | 5.20 | 5.63 |
Imported | 1.49 | 1.54 | 1.53 | -9.9 | 1.76 | 1.90 | 2.10 |
Light Trucks | 12.01 | 11.46 | 11.73 | 12.0 | 10.92 | 10.44 | 9.74 |
Domestic | 9.61 | 9.07 | 9.28 | 8.0 | 9.02 | 8.75 | 8.37 |
Imported | 2.40 | 2.39 | 2.45 | 32.0 | 1.90 | 1.69 | 1.38 |