- US: Advance Trade & Inventories (Feb)
- Sweden: Retail Trade, PPI, International Trade (Feb); Iceland: CPI (Mar)
- Turkey: International Reserves (Feb); Mauritius: Wage Rate Index, LFS (Q4); Saudi Arabia: Non-Oil Foreign Trade (Jan); Palestine: BOP (Q4); UAE: Fuel Prices (Apr); Israel: Construction Starts & Completions (Q4); South Africa: Construction Survey (Q1); Tanzania: Trade (Q4)
- Brazil: PPI (Feb)
- more updates...
Economy in Brief
Texas Factory Sector Activity Remains Strong
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index eased during March...
EMU Money and Credit Growth Are Less Than Impressive Than Euro-PMIs
EMU nominal money supply growth is slightly higher over three months, but credit growth in the EMU is slower...
Durable Goods Orders Strengthened by Another Jump in Aircraft
New orders for durable goods rose 1.7% (5.0% y/y) during February...
Correction to Unemployment Insurance Weekly Claims
The Department of Labor has issued a correction to yesterday's annual revision to seasonally adjusted weekly unemployment claims...
EMU PMIs Are Off to the Races...Farewell Mediocrity?
The PMI rankings for the manufacturing and service sector PMIs in the EMU are suddenly off the chart...
U.S. New Home Sales Improve While Prices Decline
Sales of new single-family homes increased 6.1% (12.8% y/y) during February to 592,000 units (AR)...
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|