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Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller December 3, 2018
Sales of light vehicles eased 0.2% (-0.8% y/y) during November to 17.49 million units (SAAR), but remained near the highest level in twelve months.
Passenger car sales declined 4.8% (-14.5% y/y) last month to 5.37 million units and reversed the modest increase during October. Sales of domestically made cars fell 5.3% (-13.6% y/y) to 3.95 million units and reversed the October increase. Sales of imported passenger cars eased 2.7% (-16.3% y/y) to 1.43 million units. The decline was the third in four months.
Light truck sales increased 1.9% in November to 12.12 million units and reversed the prior month's decline. Sales were nearly at the record high and up 6.8% y/y. Sales of domestically-produced light trucks rose 2.2% (4.4% y/y) to 9.71 million units and reversed the October decline. Sales have been moving steadily upward toward a record high. Sales of imported light trucks improved 0.8% (17.6% y/y) to a new record of 2.41 million units.
Trucks' share of the U.S. vehicle market reached a record 69.3% last month. This compared to 47.3% at the low during all of 2009.
Imports' share of the U.S. vehicle market eased last month at 22.0%, down from the peak of 27.6% during all of 2009. Imports' share of the passenger car market improved to 26.6%. Imports share of the light truck market was little changed at 19.9% which remained near the cycle high, up from the low of 12.7% in 2014.
U.S. vehicle sales figures can be found in Haver's USECON database. Additional detail by manufacturer is in the INDUSTRY database.
U.S. Light Weight Vehicle Sales (SAAR, Million Units) |
Nov | Oct | Sep | Nov Y/Y % | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|
Total | 17.49 | 17.53 | 17.44 | -0.8 | 17.23 | 17.55 | 17.48 |
Autos | 5.37 | 5.64 | 5.41 | -14.5 | 6.33 | 7.10 | 7.73 |
Domestic | 3.95 | 4.17 | 3.91 | -13.6 | 4.58 | 5.20 | 5.64 |
Imported | 1.43 | 1.47 | 1.49 | -16.3 | 1.75 | 1.90 | 2.10 |
Light Trucks | 12.12 | 11.89 | 12.03 | 6.8 | 10.90 | 10.44 | 9.74 |
Domestic | 9.71 | 9.50 | 9.63 | 4.4 | 9.00 | 8.75 | 8.37 |
Imported | 2.41 | 2.39 | 2.40 | 17.6 | 1.90 | 1.69 | 1.38 |