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Economy in Brief

U.S. Light Vehicle Sales Slip Again
by Tom Moeller  July 5, 2017

Total sales of light vehicles during June eased 0.9% (-1.8% y/y) to 16.51 million units (SAAR) from 16.66 million in May, according to the Autodata Corporation. Sales have fallen 10.4% since the December 2016 peak.

Light truck sales improved 1.3% (6.0% y/y) versus May to 10.60 million. Sales of domestically-made light trucks increased 2.8% (5.0% y/y) to 8.77 million units. Imported light truck sales backed 5.3% away (+11.5% y/y) from May's record high to 1.82 million units. Trucks' share of the U.S. vehicle market jumped to a record 64.2%, up from 59.5% twelve months earlier.

Passenger car sales declined 4.7% (-13.2% y/y) to 5.91 million units. Domestically-made passenger car sales fell 5.0% (-14.5% y/y) to 4.27 million units, the lowest level since November 2011. Sales of imported passenger cars declined 4.0% (-9.4% y/y) to 1.64 million units and was roughly the lowest level since December 2008.

Imports share of the U.S. vehicle market fell m/m to 21.0%. Imports share of the passenger car market rose slightly to 27.7%. Imports share of the light truck market declined to 17.2%, but still was higher than 12.7% during all of 2014.

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) Jun May Apr Jun Y/Y % 2016 2015 2014
Total 16.51 16.66 16.88 -1.8 17.55 17.42 16.52
 Autos 5.91 6.20 6.42 -13.2 7.11 7.72 7.92
  Domestic 4.27 4.50 4.70 -14.5 5.20 5.63 5.68
  Imported 1.64 1.71 1.73 -9.4 1.91 2.09 2.24
 Light Trucks 10.60 10.46 10.46 6.0 10.44 9.70 8.60
  Domestic 8.77 8.53 8.58 5.0 8.75 8.34 7.51
  Imported 1.82 1.92 1.88 11.5 1.68 1.36 1.09
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