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Economy in Brief

U.S. Light Vehicle Sales Improve
by Tom Moeller  July 3, 2018

Total sales of light vehicles increased 3.3% during June (4.6% y/y) to 17.47 million units (SAAR) and recovered declines during the prior two months, according to the Autodata Corporation. Nevertheless, the increase left sales 5.9% below the 18.57 million unit high reached last September. June sales have declined 2.2% since December, following a 1.7% twelve-month shortfall during 2017.

Sales of light trucks increased 4.8% (12.0% y/y) to 12.01 million units. Domestic light truck sales rose 5.9% (8.0% y/y) to 9.61 million units. Sales of imported light trucks gained 0.4% (32.0% y/y) to 2.40 million units.

Passenger car sales were fairly steady m/m at 5.46 (-8.8% y/y) million units. Sales of domestically-made autos increased 1.3% (-8.3% y/y) to 3.97 million units. Sales of imported passenger cars fell 3.0% (-9.9% y/y) to 1.49 million units.

Trucks' share of the U.S. vehicle market rose to 68.8% in June and remained up versus 63.2% during all of last year and 48.8% during all of 2008.

Imports' share of the U.S. vehicle market eased to 22.3% last month, up from 19.9% in 2015. Imports' share of the passenger car market fell to 27.3% from 27.7% last year. Imports share of the light truck market slipped to 20.0%, up from a 12.7% low during 2014.

U.S. vehicle sales figures can be found in Haver's USECON database.

Jun May Apr Jun Y/Y % 2017 2016 2015
Total 17.47 16.91 17.17 4.6 17.27 17.55 17.48
 Autos 5.46 5.44 5.43 -8.8 6.35 7.10 7.73
  Domestic 3.97 3.91 3.91 -8.3 4.59 5.20 5.63
  Imported 1.49 1.54 1.53 -9.9 1.76 1.90 2.10
 Light Trucks 12.01 11.46 11.73 12.0 10.92 10.44 9.74
  Domestic 9.61 9.07 9.28 8.0 9.02 8.75 8.37
  Imported 2.40 2.39 2.45 32.0 1.90 1.69 1.38
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