Global| Jul 01 2015U.S. Light Vehicle Sales Backpedal; Trucks Share Improves
by:Tom Moeller
|in:Economy in Brief
Summary
Total sales of light vehicles declined 3.5% during June to 17.16 million units (+1.5% y/y) following May's 7.8% jump to the highest level since July 2005. Auto sales declined 4.0% last month to 7.78 million units (-6.1 y/y) after [...]
Total sales of light vehicles declined 3.5% during June to 17.16 million units (+1.5% y/y) following May's 7.8% jump to the highest level since July 2005.
Auto sales declined 4.0% last month to 7.78 million units (-6.1 y/y) after May's 10.1% increase. Domestic auto sales were off 4.5% to 5.61 million (-4.9% y/y) after a 10.7% jump. Imported car sales eased 2.7% to 2.18 million (-9.2% y/y) following an 8.6% rise.
Light truck purchases fell 3.2% to 9.37 million units (+8.9% y/y), giving back most of May's 5.9% increase. Trucks share of the total vehicle market nudged up to 54.6%. Imported truck sales improved 2.7% to 1.36 million (21.2% y/y) on the heels of four straight months of solid increase. Sales were at the highest level since March 2008. Domestic light truck sales eased 4.1% to 8.01 million (+7.0% y/y) after a 6.3% rise.
Imports share of the market for light vehicles improved to 20.6%, but still was down versus a high of 30.7% in February 2009. Imports share of the passenger car market notched up to 27.9%. Imports share of the light truck market rose to 14.5%, the highest level since March 2012.
U.S. vehicle sales figures are published by Autodata and can be found in Haver's USECON database.
Economy to Roll Along at a Solid Pace in 2015 and Accelerate Slightly in 2016 from the Federal Reserve Bank of Chicago can be found here.
| Light Vehicle Sales (SAAR, Mil. Units) | Jun | May | Apr | Y/Y % | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|
| Total | 17.16 | 17.79 | 16.50 | 1.5 | 16.49 | 15.58 | 14.48 |
| Autos | 7.78 | 8.11 | 7.36 | -6.1 | 7.91 | 7.78 | 7.42 |
| Domestic | 5.61 | 5.87 | 5.31 | -4.9 | 5.68 | 5.48 | 5.10 |
| Imported | 2.18 | 2.23 | 2.06 | -9.2 | 2.23 | 2.30 | 2.32 |
| Light Trucks | 9.37 | 9.68 | 9.14 | 8.9 | 8.58 | 7.81 | 7.06 |
| Domestic | 8.01 | 8.36 | 7.86 | 7.0 | 7.50 | 6.73 | 6.09 |
| Imported | 1.36 | 1.32 | 1.28 | 21.2 | 1.08 | 1.08 | 0.97 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
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