2014 Economic Calendar
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Motor Vehicle Sales
Released On 4/1/2014 For Mar, 2014
PriorConsensusConsensus RangeActual
Domestic Vehicle Sales12.2 M12.4 M12.3 M to 12.8 M13.0 M
Total Vehicle Sales15.3 M15.8 M15.5 M to 16.0 M16.4 M

Highlights
Held down by heavy weather in January and February, unit vehicle sales surged 6.9 percent in March to a 16.4 million annual rate which is well beyond Econoday's high-end estimate for 16.0 million. Sales of domestic-made vehicles were especially strong, rising 7.1 percent to a 13.0 million rate. Sales of imported vehicles rose 6.3 percent to 3.4 million. Today's results are very positive, offering the first hint that the post-weather rebound for the economy may be stronger than expected.

Market Consensus before announcement
Sales of total light motor vehicles for February remained at a solid level but continued to show little month-to-month strength, at a 15.3 million annual rate in February versus 15.2 million and 15.4 million in the prior two months. Since September, sales have averaged a 15.5 million pace.

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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