- US: GDP & Corporate Profits (Q4, 3rd release)
- Canada: Industrial Products & Raw Material Prices (Feb)
- Spain: Flash HICP and CPI, Construction Business Survey Press (Mar)
- Euro area: EC Business and Consumer Surveys (Mar)
- Belize: GDP (Q4)
- Chile: IP (Feb); Brazil: Retail Trade - Rebased 2014=100 (Jan)
- Croatia: Employment, Retail Trade Press (Feb), Earnings (Jan); Bulgaria: PPI (Feb); Montenegro: Wages (Feb); Latvia: Retail Trade (Jan); Lithuania: External Debt Service (Q4);
- more updates...
Economy in Brief
U.S. Initial Claims for Unemployment Insurance Ease
Initial jobless insurance applications fell to 258,000 (-3.1% y/y) during the week ended March 25...
U.S. Pending Home Sales Jump
The NAR reported that pending home sales increased 5.5% in February to an index level of 112.3...
U.S. Mortgage Loan Applications Remain Little Changed; Variable Rate Apps Surge
The MBA total Mortgage Market Volume Index slipped 0.8% last week (-12.4% y/y)...
La Dolce Vita? Italian Confidence Bumps Higher
Italian business and consumer confidence moved higher in March...
U.S. Consumer Confidence Improves Significantly
The Conference Board Consumer Confidence Index for March strengthened 8.2% (30.7% y/y) to 125.6...
U.S. Energy Product Prices Remain Under Pressure
Regular gasoline prices held steady at $2.32 per gallon last week (12.1% y/y) for the third straight week...
by Tom Moeller February 2, 2016
Total sales of light vehicles during January improved 1.4% m/m to 17.58 million units (SAAR) from 17.34 million in December. The 5.2% y/y increase was prompted by the decline in gasoline prices, strong consumer confidence and low unemployment. Nevertheless, sales remained below the cycle peak of 18.24 million reached in October.
Sales of light trucks continued to pace the market with a 2.1% advance (12.2% y/y) to 10.15 million units. Domestic light truck sales improved 3.2% (7.8% y/y) to 8.62 million. Sales of imported light trucks declined 3.7% (+45.3% y/y) to 1.54 million. The gain lifted trucks sales to a record 57.7% of the light vehicle market, up from 54.1% in January 2015.
Auto purchases edged 0.4% higher to 7.43 million, but were down 3.1% y/y. Domestic auto sales gained 0.5% (-0.0% y/y) to 5.54 million. Sales of imported autos improved a similarly lackluster 0.4% (-11.1% y/y) to 1.89 million.
Imports share of the light vehicle market declined to 19.5% from 20.4% in Q4'15, and from 19.8% during all of last year. Imports share of the passenger car market of 25.5% compared to 26.3% last quarter, and 27.1% during all of last year. Imports share of the light truck market declined to 15.1% from 15.9% in Q4, but that was up from 14.1% during all of last year.
U.S. vehicle sales figures are published by Autodata and can be found in Haver's USECON database.
|Light Vehicle Sales (SAAR, Mil. Units)||Jan||Dec||Nov||Jan Y/Y %||2015||2014||2013|