Recent Updates
- Japan: Japan: CPI, Government Bond Trading Volume by Category of Investors (Apr)
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Economy in Brief
U.S. Index of Leading Indicators Fell in April
Five of the index's components fell in April, one was unchanged and four increased...
U.S. Unemployment Claims Rose in the Latest Week
The state insured rates of unemployment in regular programs vary widely...
U.S. Housing Starts Dip in April but Remain Elevated
The pattern of housing construction activity seems to be shifting toward multifamily...
U.S. Mortgage Applications Continued to Slide Amid Higher Rates
The biggest declines have been in refinancing activity, while applications for purchase are just starting to crack...
UK Inflation Jumps
Inflation is at the highest rate since the series began in January of 1989...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & Fed Policy: A Relationship Which Should Worry The Fed And Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Tom Moeller December 3, 2019
The Autodata Corporation reported that sales of light vehicles during November rose 3.7% (-1.3% y/y) to 17.20 million units (SAAR) and reversed most of the prior month's decline to 16.58 million. During the first eleven months of 2019, sales averaged 17.00 million units versus 17.27 million during all of 2018.
Sales of light truck sales increased 3.6% both m/m and y/y to 12.52 million units. Purchases of domestically-made light trucks rebounded 3.4% (2.8% y/y) to 9.95 million units after October's 4.1% decline. Sales of imported light trucks increased 3.6% (6.6% y/y) to 2.57 million units, the fifth straight month of increase. Imported truck sales have roughly doubled in the past five years.
Trucks' share of the U.S. light vehicle market eased from the record to 72.8%, but remained up from a low of 48.8% during all of 2012.
Auto sales rose 4.2% (-12.5% y/y) to 4.68 million. That made up most of October's decline and compares to a peak level of 7.90 million unit sales during all of 2014. Purchases of domestically-produced cars increased 7.4% (-14.8% y/y) to 3.34 million units and moved up slightly from the 2009 low. Sales of imported cars fell 2.9% (-6.3% y/y) to 1.34 million units and reversed October's rise.
Imports' share of the U.S. vehicle market fell to 22.7%, but remained in an up trend. Imports' share of the passenger car market fell to 28.6%. Imports share of the light truck market held steady at 20.5% and remained up from the 12.0% low in January 2015.
U.S. vehicle sales figures can be found in Haver's USECON database. Additional detail by manufacturer is in the INDUSTRY database.
Who Pays the Tax on Imports from China? from the Federal Reserve Bank of New York is available here.
Light Weight Vehicle Sales (SAAR, Million Units) | Nov | Oct | Sep | Nov Y/Y % | 2018 | 2017 | 2016 |
---|---|---|---|---|---|---|---|
Total | 17.20 | 16.58 | 17.23 | -1.3 | 17.27 | 17.23 | 17.55 |
Autos | 4.68 | 4.49 | 4.79 | -12.5 | 5.49 | 6.32 | 7.09 |
Domestic | 3.34 | 3.11 | 3.44 | -14.8 | 4.00 | 4.58 | 5.20 |
Imported | 1.34 | 1.38 | 1.35 | -6.3 | 1.49 | 1.74 | 1.89 |
Light Trucks | 12.52 | 12.09 | 12.44 | 3.6 | 11.79 | 10.90 | 10.46 |
Domestic | 9.95 | 9.62 | 10.03 | 2.8 | 9.44 | 9.00 | 8.76 |
Imported | 2.57 | 2.48 | 2.40 | 6.6 | 2.35 | 1.91 | 1.70 |