- Japan: First Ten Days Trade (Mar), International Trade, Foreign Banks Foreign Banks in Japan (Feb)
- New Zealand: Tourism Expenditure, International Reserves, RBNZ Analytical Accounts/Statistical Balance Sheet, Foreign Currency Assets, Liabilities, and Currency Flows (Feb); Australia: Flow of Funds (Q4), Job Vacancies (Q1)
- Korea: Building Permits (Feb); Philippines: LFS (Q3)
- US: IIP (Q4)
- 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 June 1, 2016
Total sales of light vehicles during May edged 0.2% higher versus April (-1.4% y/y) to 17.45 million units (SAAR).
Auto sales improved 0.8% to 7.12 million units (-11.3% y/y). The increase was led by a 1.1% rise (-11.7% y/y) in domestic car sales to 5.16 million. Imported car sales were unchanged at 1.95 million (-10.4% y/y). Auto sales were 14.0% below the recent peak level in August 2014.
Sales of light trucks eased 0.3% (+6.8% y/y) to 10.33 million units. Sales of imported light trucks increased 9.4% (35.2% y/y) to a record 1.78 million units. Domestic light truck sales declined 2.1% (+2.3% y/y) to 8.55 million units. Truck sales eased to 59.2% of the light vehicle market.
Imports share of the light vehicle market rose to 21.4%, the highest level since December 2013. Imports share of the passenger car market of 27.4% compared to 27.1% during all of last year. Imports share of the light truck market jumped to 17.2%, the highest level since March 2010.
U.S. vehicle sales figures are published by Autodata and can be found in Haver's USECON database.
|Light Vehicle Sales (SAAR, Mil. Units)||May||Apr||Mar||May Y/Y %||2015||2014||2013|