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Economy in Brief

U.S. Light Vehicle Sales Ease
by Tom Moeller  September 1, 2016

Total sales of light vehicles during August declined 5.0% versus July (-4.5% y/y) to 16.98 million units (SAAR), and reversed most of July's increase. Sales fell in three of the last four months.

Sales of light trucks declined 5.4% to 10.21 million units (+1.6% y/y). Domestic light truck sales slumped 6.3% to 8.52 million units (-0.3% y/y). Sales of imported light trucks were unchanged at 1.69 million units (+12.5% y/y). Truck sales remained near the record high of 60.1% of the light vehicle market.

Auto sales fell 4.5% to 6.78 million units (-12.5% y/y). The decline reflected a 4.8% drop in domestic car sales to 4.91 million units (-12.5% y/y). Imported car sales fell 3.8% to 1.86 million (-12.4% y/y).

Imports share of the light vehicle market of 20.9% compared to 19.8% during all of last year. Imports share of the passenger car market of 27.5% compared to 27.1% during all of 2015. Imports share of the light truck market rose to 16.5% 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) Aug Jul Jun Aug Y/Y % 2015 2014 2013
Total 16.98 17.88 16.74 -4.5 17.41 16.52 15.59
 Autos 6.78 7.09 6.81 -12.5 7.72 7.92 7.77
  Domestic 4.91 5.16 5.00 -12.5 5.63 5.68 5.48
  Imported 1.86 1.93 1.81 -12.4 2.09 2.24 2.30
 Light Trucks 10.21 10.79 9.94 1.6 9.69 8.60 7.82
  Domestic 8.52 9.10 8.29 -0.3 8.33 7.51 6.74
  Imported 1.69 1.69 1.64 12.5 1.36 1.09 1.08
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