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Economy in Brief

U.S. Light Vehicle Sales Improve Slightly
by Tom Moeller  August 1, 2017

Total sales of light vehicles rose 0.4% during July (-5.9% y/y) to 16.77 million units (SAAR) from 16.70 million in June, according to the Autodata Corporation. Earlier data were revised.

Passenger car sales increased 3.9% (-12.5% y/y) to 6.21 million units. Domestically-made passenger car sales rose 5.1% (-12.1% y/y) to 4.55 million units. Sales of imported passenger cars improved 0.9% (-13.4% y/y) to 1.67 million units.

Light truck sales declined 1.6% (-1.6% y/y) to 10.55 million. Sales of domestically-made light trucks fell 2.5% (-4.0% y/y) to 8.68 million units. Imported light truck sales increased 3.1% (11.0% y/y) to 1.88 million units. Trucks' share of the U.S. vehicle market slipped m/m to 62.9%, but remained up from 60.1% twelve months earlier.

Imports share of the U.S. vehicle market improved m/m to 21.1%. Imports share of the passenger car market fell to 26.8%. Imports share of the light truck market increased to 17.7%, higher than the 12.7% share during all of 2014.

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

The Low Level of Global Real Interest Rates from Federal Reserve Vice Chairman Stanley Fischer is available here.

Light Weight Vehicle Sales (SAAR, Million Units) Jul Jun May Jul Y/Y % 2016 2015 2014
Total 16.77 16.70 16.79 -5.9 17.55 17.42 16.52
 Autos 6.21 5.98 6.24 -12.5 7.10 7.73 7.92
  Domestic 4.55 4.33 4.51 -12.1 5.20 5.63 5.68
  Imported 1.67 1.65 1.73 -13.4 1.90 2.10 2.24
 Light Trucks 10.55 10.72 10.55 -1.6 10.44 9.74 8.60
  Domestic 8.68 8.90 8.65 -4.0 8.75 8.37 7.51
  Imported 1.88 1.82 1.91 11.0 1.69 1.38 1.09
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