Global| Aug 01 2017U.S. Light Vehicle Sales Improve Slightly
by:Tom Moeller
|in:Economy in Brief
Summary
Total sales of light vehicles rose 0.4% during July (-5.9% y/y) to 16.77 million units (SAAR) from 16.70 million in June, according to the Autodata Corporation. Earlier data were revised. Passenger car sales increased 3.9% (-12.5% [...]
Total sales of light vehicles rose 0.4% during July (-5.9% y/y) to 16.77 million units (SAAR) from 16.70 million in June, according to the Autodata Corporation. Earlier data were revised.
Passenger car sales increased 3.9% (-12.5% y/y) to 6.21 million units. Domestically-made passenger car sales rose 5.1% (-12.1% y/y) to 4.55 million units. Sales of imported passenger cars improved 0.9% (-13.4% y/y) to 1.67 million units.
Light truck sales declined 1.6% (-1.6% y/y) to 10.55 million. Sales of domestically-made light trucks fell 2.5% (-4.0% y/y) to 8.68 million units. Imported light truck sales increased 3.1% (11.0% y/y) to 1.88 million units. Trucks' share of the U.S. vehicle market slipped m/m to 62.9%, but remained up from 60.1% twelve months earlier.
Imports share of the U.S. vehicle market improved m/m to 21.1%. Imports share of the passenger car market fell to 26.8%. Imports share of the light truck market increased to 17.7%, higher than the 12.7% share during all of 2014.
U.S. vehicle sales figures are published by the Autodata Corporation and can be found in Haver's USECON database.
The Low Level of Global Real Interest Rates from Federal Reserve Vice Chairman Stanley Fischer is available here.
| Light Weight Vehicle Sales (SAAR, Million Units) | Jul | Jun | May | Jul Y/Y % | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|
| Total | 16.77 | 16.70 | 16.79 | -5.9 | 17.55 | 17.42 | 16.52 |
| Autos | 6.21 | 5.98 | 6.24 | -12.5 | 7.10 | 7.73 | 7.92 |
| Domestic | 4.55 | 4.33 | 4.51 | -12.1 | 5.20 | 5.63 | 5.68 |
| Imported | 1.67 | 1.65 | 1.73 | -13.4 | 1.90 | 2.10 | 2.24 |
| Light Trucks | 10.55 | 10.72 | 10.55 | -1.6 | 10.44 | 9.74 | 8.60 |
| Domestic | 8.68 | 8.90 | 8.65 | -4.0 | 8.75 | 8.37 | 7.51 |
| Imported | 1.88 | 1.82 | 1.91 | 11.0 | 1.69 | 1.38 | 1.09 |
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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