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Economy in Brief
U.S. Gasoline & Crude Oil Prices Continue to Strengthen
The price of regular gasoline strengthened to $2.71 per gallon (11.9% y/y) in the week ended March 1...
Post Covid-19 Turbulence Rocks and Weakens German Retail Sales
German and other European retail sales have been put through a sort of test of fire in the wake of the covid-19 virus arrival...
ISM Manufacturing Index Improves in February as Prices Continue to Strengthen
Factory sector activity recovered last month following moderate weakening in January...
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Building activity continues to strengthen...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller September 5, 2018
Total sales of light vehicles of 16.72 million units (SAAR) in August (0.8% y/y) compared to 16.77 million in July according to the Autodata Corporation. The m/m slip left sales 8.0% below the 18.16 million unit high reached last September.
Passenger car sales fell 3.4% last month (-16.8% y/y) to 5.14 million units. Sales of domestically-made autos declined 4.0% (-15.5% y/y) to 3.77 million units. Sales of imported passenger cars fell 1.6% (-20.3% y/y) to 1.37 million units.
Sales of light trucks improved 1.1% (11.3% y/y) during August to 11.58 million units, down only slightly from the record high of 11.78 million reached in June. Domestic light truck sales improved 2.6% (9.3% y/y) to 9.37 million units. Sales of imported light trucks declined 4.5% (+20.8% y/y) to 2.21 million units.
Trucks' share of the U.S. vehicle market increased to a record 69.3% in August, up from 63.3% during all of last year and 48.8% during all of 2008.
Imports' share of the U.S. vehicle market eased to 21.4% last month. Imports' share of the passenger car market improved slightly to 26.6%. Imports share of the light truck market declined to 19.1%.
U.S. vehicle sales figures can be found in Haver's USECON database.
How to Extend the U.S. Expansion: A Suggestion from St. Louis Fed President & CEO James Bullard can be found here.
Aug | Jul | Jun | Aug Y/Y % | 2017 | 2016 | 2015 | |
---|---|---|---|---|---|---|---|
Total | 16.72 | 16.77 | 17.24 | 0.8 | 17.23 | 17.55 | 17.48 |
Autos | 5.14 | 5.32 | 5.45 | -16.8 | 6.33 | 7.10 | 7.73 |
Domestic | 3.77 | 3.93 | 3.95 | -15.5 | 4.58 | 5.20 | 5.63 |
Imported | 1.37 | 1.39 | 1.51 | -20.3 | 1.75 | 1.90 | 2.10 |
Light Trucks | 11.58 | 11.45 | 11.78 | 11.3 | 10.90 | 10.45 | 9.74 |
Domestic | 9.37 | 9.14 | 9.47 | 9.3 | 9.00 | 8.75 | 8.37 |
Imported | 2.21 | 2.32 | 2.31 | 20.8 | 1.90 | 1.69 | 1.38 |