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

Motor Vehicle Sales
Released On 11/1/2013 For Oct, 2013
PriorConsensusConsensus RangeActual
Domestic Vehicle Sales11.8 M11.9 M11.6 M to 11.9 M11.9 M
Total Vehicle Sales15.3 M15.4 M15.0 M to 15.8 M15.2 M

Highlights
Vehicle sales are steady and strong, at a 15.2 million annual unit rate vs September's 15.3 million rate. Sales of domestic-made vehicles, boosted by promotion gains at GM, rose 1 tenth to an 11.9 million rate while sales on the foreign-made side fell 1 tenth to 3.4 million. Looking at vehicle types, sales of light trucks edged slightly higher to a 7.6 million rate while car sales slowed slightly, also to a 7.6 million rate.

This report offers clues to the motor vehicle component of the retail sales report, a very large component that however is measured in dollars and excludes commercial sales. Today's results hint at a steady month for the component which has been very strong this year with year-on-year growth of 10.9 percent. Note that year-on-year growth in total unit sales is only about half of that, at 5.8 percent.

Recent History Of This Indicator
Sales of total light motor vehicles fell a sharp 5.1 percent in September, following a 1.8 percent rise the month before. September's 15.3 million annualized sales pace was up 3.4 percent on a year ago basis. September's drop was led by domestic trucks, down a monthly 7.3 percent, with domestic cars down 5.1 percent. Import cars slipped 1.0 percent but import trucks edged up 0.4 percent. Sales of domestic vehicles stood at 11.8 million in September, compared to 12.6 million in August.

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
 
 

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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