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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 February 2, 2011
As expected, unit
sales of light vehicles were roughly unchanged last month versus
December at 12.62M units (SAAR). (Seasonal adjustment of these figures is
provided by the U.S. Bureau of Economic Analysis.) Nevertheless, sales
were up 17.4% y/y and started Q1 up slightly from Q4.
Though they fell slightly from December,auto sales posted a 7.2% y/y rise to 6.09M. A 2.9% monthly increase in domestics pulled them up 8.4% for the year. Imported auto sales, however, slipped for the fourth consecutive month (+4.8% y/y). Sales of light trucks rose 1.4% to 6.53M (28.9% y/y). Sales of domestics inched up 1.5% m/m and 34.1% y/y. Sales of imported light trucks rose a similar 1.2% m/m and 7.2% versus twelve months ago.
For the month, import's share of the U.S. light vehicle market slipped m/m to 23.9%. (Imported vehicles are those produced outside the United States.) Imports' share of the U.S. car market fell to 32.3% for January versus the record 35.0% for all of 2010. Imports' share of the light truck market fell m/m to 15.9%. 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) | Jan | Dec | Nov | Y/Y | 2010 | 2009 | 2008 |
---|---|---|---|---|---|---|---|
Total | 12.62 | 12.55 | 12.26 | 17.4% | 11.58 | 10.38 | 13.22 |
Autos | 6.09 | 6.11 | 5.89 | 7.2 | 5.78 | 5.45 | 6.76 |
Domestic | 4.12 | 4.01 | 3.72 | 8.4 | 3.78 | 3.56 | 4.44 |
Imported | 1.97 | 2.10 | 2.16 | 4.8 | 2.02 | 1.89 | 2.32 |
Light Trucks | 6.53 | 6.44 | 6.37 | 28.9 | 5.80 | 4.93 | 6.46 |
Domestic | 5.49 | 5.41 | 5.30 | 34.1 | 4.84 | 3.96 | 5.28 |
Imported | 1.04 | 1.03 | 1.07 | 7.2 | 0.96 | 0.97 | 1.18 |