2014 Economic Calendar
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Motor Vehicle Sales
Released On 2/3/2014 For Jan, 2014
PriorConsensusConsensus RangeActual
Domestic Vehicle Sales11.9 M12.2 M11.7 M to 12.4 M12.1 M
Total Vehicle Sales15.4 M15.8 M15.0 M to 16.0 M15.2 M

Highlights
Vehicle sales fell only slightly in January, to a 15.2 million annual rate vs 15.4 million in December. Weakness was centered in imports, especially import cars where the rate fell to 2.2 million from 2.5 million. On the positive side, total sales of North American-made vehicles, boosted by strength in light trucks, rose to 12.1 million from 11.9 million. These results, which point at most to only slight weakness for the motor vehicle component of the January retail sales report, aren't that bad given how cold January proved to be.

Market Consensus before announcement
Sales of total light motor vehicles in December couldn't match November's torrid 16.4 million annual pace, coming in at 15.4 million. Monthly weakness was broad and centered in domestics and in trucks.

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
 

 

2014 Release Schedule
Released On: 1/32/33/34/15/16/37/18/19/310/111/312/2
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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