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Economy in Brief
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by Tom Moeller August 2, 2016
Total sales of light vehicles during July jumped 6.8% versus June (1.7% y/y) to 17.88 million units (SAAR). Sales had declined in four of the prior five months, and the latest level was the highest level since November 2015. Seasonally adjusted data were revised back through 2015.
Sales of light trucks improved 8.6% to 10.79 million units (10.4% y/y). Domestic light truck sales jumped 9.7% to 9.10 million units (8.1% y/y). Sales of imported light trucks rose 2.9% to 1.69 million units (24.4% y/y). Truck sales increased to a new high of 60.3% of the light vehicle market.
Auto sales rebounded 4.2% to 7.09 million units (-9.2% y/y). The decline reflected a 6.9% rise in imported car sales to 1.93 million units (-5.0% y/y). Imported car sales rose 6.9% to 1.93 million (-5.0% y/y). Domestic car sales improved 3.3% to 5.16 million units (-10.7% y/y).
Imports share of the light vehicle market of 20.3% compared to 19.8% during all of last year. Imports share of the passenger car market of 27.3% compared to 27.1% during all of last year. Imports share of the light truck market rose to 15.7% from 14.0% 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)||Jul||Jun||May||Jul Y/Y %||2015||2014||2013|