- Japan: Index of Business Conditions (Feb-Final), Electric Power Generated (Jan)
- Spain: Services Sector Activity, New Orders and Turnovers (Feb)
- Finland: PPI, Domestic Supply Prices (Mar)
- US: NABE Business Conditions Survey (Q1)
- Indonesia: Non-Oil and Gas Trade (Feb); Taiwan: Labor Market (Mar)
- Egypt: IP (Feb)
- more updates...
Economy in Brief
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Philadelphia Fed Factory Conditions Soften
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index fell to 22.0 during April...
U.S. Leading Economic Indicators Suggest Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (3.5% y/y) during March...
U.S. Initial Unemployment Insurance Applications Increase
Initial unemployment claims for unemployment insurance rose to 244,000 during the week ended April 15 (-5.1% y/y)...
Japan's 'Trade Trends' Stabilize on an Unstable Foundation
Japan trade trends, broadly considered, seem to be stabilizing...
U.S. Mortgage Loan Applications Fall
The MBA total Mortgage Applications Volume Index declined 1.8% last week (-24.9% y/y)...
by Tom Moeller April 1, 2016
Total sales of light vehicles during March fell 5.5% from February, the fourth decline in five months. At 16.57 million units (SAAR), sales were at the lowest level in thirteen months.
Auto sales declined 6.4% to 6.91 million units (-10.9% y/y), the lowest level since December 2011. The decline was led by a 7.1% shortfall (-7.7% y/y) in domestic sales to 5.12 million. Sales of imported cars declined 4.3% (-18.9% y/y) to 1.79 million. These sales also were at the lowest level since 2011, and were roughly one-third below the 2012 high.
Sales of light trucks fell 4.9% (+3.0% y/y) to 9.66 million units, a nine month low. Domestic light truck sales declined 4.8% (+0.2% y/y) to 8.21 million. Sales of imported light trucks were off 5.2% (+22.1% y/y) to 1.45 million. Truck sales moved higher to 58.3% of the light vehicle market.
Imports 19.6% share of the light vehicle market in Q1 compared to 19.8% during all of last year. Imports share of the passenger car market of 26.0% compared to 27.1% during all of last year. Imports share of the light truck market of 15.0% compared 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)||Mar||Feb||Jan||Mar Y/Y %||2015||2014||2013|