2013 Economic Calendar
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U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar

Motor Vehicle Sales
Released On 7/2/2013 For Jun, 2013
PriorConsensusConsensus RangeActual
Domestic Vehicle Sales12.1 M12.2 M11.9 M to 12.5 M12.6 M
Total Vehicle Sales15.3 M15.5 M15.1 M to 15.8 M16.0 M

Highlights
Vehicle sales are moving higher, up 4.6 percent in June to a recovery best annual rate of 16.0 million units. June's strength is split evenly between cars and trucks and also between imports and domestic-made, with the latter coming in at a 12.6 million rate. These results are impressive and point to the strength of the consumer and to a third straight big gain for the motor vehicle component of the monthly retail sales report which surged 1.8 percent in May.

Recent History Of This Indicator
Sales of total light motor vehicles in May rose 2.6 percent to an annual rate of 15.3 million units. This followed a 2.3 percent decline in April. The May gain was split about evenly between cars and trucks and between imports and domestics. Sales of domestic-made vehicles came in at a 12.1 million rate versus April's 11.9 million.

Definition
Unit sales of motor vehicles include domestic sales and foreign sales, otherwise referred to as imports. Domestics are sales of autos produced in the U.S., Canada, and Mexico. Imports are U.S. sales of vehicles produced elsewhere. These are for light vehicles which include all passenger cars and light trucks up to 14,000 pounds gross weight (including minivans and sport utility vehicles). Individual manufacturers usually report sales on the first business day of the month. One of the first tabulators of the data is Autodata Corporation. Motor vehicle sales are good indicators of trends in consumer spending and often are considered a leading indicator at business cycle turning points. One should note that manufacturers do not break out vehicle sales to businesses, which are a smaller but still significant percentage of the monthly total.  Why Investors Care
 
[Chart]
Motor vehicles sales slowed notably in 2008 and 2009 due to recession. Recovery boosted sales in 2010 and early 2011 before economic growth slowed. Truck shares hit their peak in 2005 when gasoline was cheap. Trucks have since oscillated sharply with spikes in gasoline in 2008 and 2010.
Data Source: Haver Analytics
 
 

2013 Release Schedule
Released On: 1/32/13/14/25/16/37/28/19/410/111/112/3
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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