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Economy in Brief

U.S. Light Vehicle Sales Ease During January
by Tom Moeller  February 1, 2017

Total sales of light vehicles fell 4.4% (-1.6% y/y) to 17.61 million units (SAAR) during January from 18.43 million units sold in December, according to the Autodata Corporation.

Leading the decline was a 9.3% drop (-11.8% y/y) in passenger car sales to 6.58 million units. Domestically made passenger car sales were off a sharp 11.8% (-15.9% y/y) to 4.67 million units, the lowest level since December 2011. Sales of imported passenger cars fell 2.6% (+0.3% y/y) to 1.91 million units.

Light truck sales eased 1.3% (+5.7% y/y) to 11.03 million. Imported light truck sales declined 6.0% (+15.3% y/y) to 1.80 million units. Domestic light truck sales eased 0.3% (+4.0% y/y) to 9.22 million units. Trucks share of the U.S. vehicle market surged to another record of 62.6%, up from 58.3% twelve months earlier.

Imports share of the U.S. vehicle market held steady m/m at 21.1%. Imports share of the passenger car market rose to 29.0%, the highest level since May 2014. Imports share of the light truck market eased to 16.4%.

U.S. vehicle sales figures are published by the Autodata Corporation and can be found in Haver's USECON database.

Light Weight Vehicle Sales (SAAR, Million Units) Jan Dec Nov Jan Y/Y % 2016 2015 2014
Total 17.61 18.43 17.87 -1.6 17.55 17.42 16.52
 Autos 6.58 7.26 7.16 -11.8 7.11 7.72 7.92
  Domestic 4.67 5.30 5.21 -15.9 5.20 5.63 5.68
  Imported 1.91 1.96 1.96 0.3 1.91 2.09 2.24
 Light Trucks 11.03 11.17 10.71 5.7 10.44 9.70 8.60
  Domestic 9.22 9.25 8.92 4.0 8.75 8.34 7.51
  Imported 1.80 1.92 1.78 15.3 1.68 1.36 1.09
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