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Economy in Brief
UK Consumer Sentiment Hits Lowest Reading since 1996
(when the GFK survey began; also lowest reading 'ever')
Of these 13 readings eight of them declined on the month in May three of them improved and two of them were unchanged...
U.S. Existing Home Sales Continue to Fall in April as Houses Become Less Affordable
The combination of soaring home prices across the nation and rising interest rates is making homes less affordable...
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...
CBI Gauge in the UK Continues to Be Upbeat
The global economy has a lot of challenges...
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 and 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 January 05, 2011
Unit sales of light vehicles increased 2.3% last month versus November
to 12.55M units (SAAR). Sales were slightly stronger than expectations for 12.3M.
(Seasonal adjustment of these figures is provided by the U.S. Bureau of Economic
Analysis.) For the full year, 2010 sales rose 11.5% to 11.58M, a gain that made
up less than half of the decline during 2009.
Auto sales were firm last month posting a 3.8% m/m rise to 6.11M and a 5.9% yearly increase to 5.78M. A 7.6% monthly increase in domestics pulled them up 5.5% for the year. Imported auto sales, however, slipped for the third consecutive month. However, they increased 6.7% for the full year. Light truck sales rose 1.0% to 6.44M to pull them up 17.8% to 5.80M for the year. Sales of domestics rose 2.0% m/m and 22.3% for the full year while sales of imported light trucks declined 3.9% m/m and 0.9% for all of 2010.
For the month, import's share of the U.S. light vehicle market slipped m/m to 24.9% and to 25.7% for the year. (Imported vehicles are those produced outside the United States.) Imports' share of the U.S. car market fell to 34.4% for December but rose slightly to a record 35.0% for all of 2010. Imports' share of the light truck market fell m/m to16.0%. It remained below the 16.5% during all of last year and the record 19.7% in 2009.
The U.S. vehicle sales figures can be found in Haver's USECON database.
Light Vehicle Sales (SAAR, Mil. Units) | Dec | Nov | Oct | Y/Y | 2010 | 2009 | 2008 |
---|---|---|---|---|---|---|---|
Total | 12.55 | 12.26 | 12.26 | 12.6% | 11.58 | 10.38 | 13.22 |
Autos | 6.11 | 5.89 | 5.85 | 2.8 | 5.78 | 5.45 | 6.76 |
Domestic | 4.01 | 3.72 | 3.59 | -1.3 | 3.78 | 3.56 | 4.44 |
Imported | 2.10 | 2.16 | 2.27 | 11.7 | 2.02 | 1.89 | 2.32 |
Light Trucks | 6.44 | 6.37 | 6.41 | 23.8 | 5.80 | 4.93 | 6.46 |
Domestic | 5.41 | 5.30 | 5.43 | 26.3 | 4.84 | 3.96 | 5.28 |
Imported | 1.03 | 1.07 | 0.97 | 12.0 | 0.96 | 0.97 | 1.18 |