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Economy in Brief
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...
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...
by Tom Moeller December 1, 2016
Total sales of light vehicles during November eased 0.8% (-2.1% y/y) to 17.87 million units (SAAR) from a downwardly revised 18.02 million units in October, revised from 18.29 million units according to Autodata.
Pacing the decline was a 2.1% drop (+2.4% y/y) in sales of light trucks to 10.71 million units after a 4.1% gain. Sales of domestic light trucks fell 2.8% (+1.1% y/y) to 8.92 million units following a 3.8% rise. Imported light truck sales gained 1.4% (9.5% y/y) to 1.78 million units which added to October's 5.7% rise. Truck sales eased m/m to 59.9% of the light vehicle market, up from 55.7% during all of last year.
Auto sales increased 1.2% to 7.16 million units (-8.1% y/y) following a 2.3% decline, which was downwardly revised. Imported car sales were stable (-5.2% y/y) at 1.96 million units following a 0.8% increase. Domestic car sales gained 1.7% (-9.1% y/y) to 5.21 million units, following the prior month's 3.4% decline.
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 27.3% compared to 27.1% during all of 2015. Imports share of the light truck market rose to 16.7% from 14.0% last year, though that was lower than the 17.6% peak in May.
U.S. vehicle sales figures are published by Autodata and can be found in Haver's USECON database.
TIPS Liquidity and the Outlook for Inflation from the Federal Reserve Bank of San Francisco can be found here.
|Light Vehicle Sales (SAAR, Mil. Units)||Nov||Oct||Sep||Nov Y/Y %||2015||2014||2013|