- Retail Trade, Household Consumption (Feb), Population (Feb)
- Mauritius: PPI (Feb-Prelim)
- Business Sentiment Survey (Mar)
- Korea: Building Permits (Feb); Philippines: LFS (Q3); Thailand: PPI (Mar-Press)
- Japan: First Ten Days Trade (Mar), International Trade, Real Trade Indexes (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency
- more updates...
Economy in Brief
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...
German Federal Debt Levels Fall
German debt level fell outright in Q4 2016 as the ratio of federal debt-to-GDP also fell...
NABE 2018 Forecast: Modest Improvement in Economic Growth & Higher Inflation
The NABE expects 2.5% real U.S. economic growth in 2018 compared to 2.3% forecast for 2017...
by Tom Moeller May 3, 2016
U.S. consumers' attraction to light trucks bolstered overall vehicle sales last month. Total sales of light vehicles during April increased 5.1% (4.0% y/y) from March to 17.42 million units (SAAR), and recovered most of the prior month's decline.
Sales of light trucks jumped 7.3% (12.5% y/y) to 10.36 million units, a five month high. Sales of imported light trucks surged 12.4% (29.4% y/y) to 1.63 million units, and were just shy of the record high reached in November. Domestic light truck sales increased 6.3% (9.8% y/y) to 8.73 million units. Truck sales moved higher to 59.5% of the light vehicle market.
Auto sales improved 2.1% to 7.06 million units (-6.3% y/y), and recovered much of the prior month's decline. The increase was led by an 8.6% rise (-5.6% y/y) in imported car sales 1.95 million. Sales of domestically made cars eased 0.1% (-6.6% y/y) to 5.11 million. These sales were at the lowest level since July 2011.
Imports share of the light vehicle market rose to 20.5%, compared to 19.8% during all of last year. Imports share of the passenger car market of 27.6% compared to 27.1% during all of last year. Imports share of the light truck market of 15.7% compared 14.1% during all of 2015.
U.S. vehicle sales figures are published by Autodata and can be found in Haver's USECON database.
|Light Vehicle Sales (SAAR, Mil. Units)||Apr||Mar||Feb||Apr Y/Y %||2015||2014||2013|