- 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 November 1, 2016
Total sales of light vehicles during October increased 3.0% (0.6% y/y) to 18.29 million units (SAAR) according to Autodata, and added to September's 4.5% gain. The latest level was the strongest since July 2005.
Pacing the increase was a 4.9% rise (7.4% y/y) in sales of light trucks to 11.02 million units after a 2.9% gain. Sales of imported light trucks increased 5.6% (10.3% y/y) to 1.76 million units following a 2.0% decline. Domestic light truck sales gained 4.7% (6.9% y/y) to 9.27 million units after a 3.8% rise. Truck sales increased m/m to 60.2% of the light vehicle market, up from 55.6% during all of last year.
Auto sales nudged 0.3% higher to 7.27 million units (-8.2% y/y) following a 6.9% jump. Imported car sales rose 0.8% (-6.8% y/y) to 1.96 million units, adding to September's 4.4% improvement. Domestic car sales gained 0.1% (-8.7% y/y) to 5.31 million units, following the prior month's 7.9% jump.
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 27.0% compared to 27.1% during all of 2015. Imports share of the light truck market rose to 15.9% from 14.0% last year, though that was lower than the 17.5% peak in May.
U.S. vehicle sales figures are published by Autodata and can be found in Haver's USECON database.
|Light Vehicle Sales (SAAR, Mil. Units)||Oct||Sep||Aug||Oct Y/Y %||2015||2014||2013|