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Economy in Brief

U.S. Light Vehicle Sales in June Fall Again
by Tom Moeller  July 1, 2021

• Car & light truck sales weaken.

• Parts shortages play role in weakness.

• Both import & domestic sales suffer.

The Autodata Corporation reported that light vehicle sales during June declined 10.2% (+16.0% y/y) to 15.35 million units (SAAR). They have fallen 17.9% during the two months since the April peak of 18.69 million units.

Sales of light trucks declined 10.3% (+14.3% y/y) in June to 11.69 million units after falling 9.7% in May from the record 14.43 million in April. Purchases of domestically-made light trucks fell 9.7% (+17.4% y/y) to 8.90 million units after a 10.7% May decline. Sales of imported light trucks were off 12.0% (+5.3% y/y) to 2.79 million, down from April's record 3.39 million units.

Trucks' share of the light vehicle market was unchanged at 76.2% last month.

Passenger car sales fell 10.1% (+22.0% y/y) in June to 3.66 million units after falling 4.7% in May. Purchases of domestically-produced cars weakened 7.8% (+17.2% y/y) to 2.38 million units after falling 7.5% in May. Sales of imported autos were off 14.7% (+32.0% y/y) to 1.28 million following a 2.0% May improvement.

Imports' share of the U.S. vehicle market eased last month to 26.5%, but remained up from 23.2% in December. Imports' share of the passenger car market weakened to 35.0% in June. Imports' share of the light truck market slipped to 23.9%.

U.S. vehicle sales figures can be found in Haver's USECON database. Additional detail by manufacturer is in the INDUSTRY database.

Light Weight Vehicle Sales (SAAR, Million Units) Jun May Apr Jun Y/Y % 2020 2019 2018
Total 15.35 17.10 18.69 16.0 14.55 17.06 17.32
 Autos 3.66 4.07 4.27 22.0 3.54 4.82 5.40
  Domestic 2.38 2.58 2.79 17.2 2.53 3.53 4.05
  Imported 1.28 1.50 1.47 32.0 1.01 1.29 1.36
 Light Trucks 11.69 13.03 14.43 14.3 11.01 12.24 11.92
  Domestic 8.90 9.86 11.04 17.4 8.62 9.70 9.44
  Imported 2.79 3.17 3.39 5.3 2.39 2.54 2.48
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