2015 Economic Calendar
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Motor Vehicle Sales  
Released On 6/2/2015 For May, 2015
PriorConsensusConsensus RangeActual
Total Vehicle Sales16.5 M17.0 M16.7 M to 17.4 M17.8 M
Domestic Vehicle Sales13.2 M13.6 M13.4 M to 13.9 M14.2 M

Consumers weren't holding back in May when it came to buying cars and trucks which sold at a 17.8 million annual rate for a whopping 7.9 percent gain from April. The rate is above the top-end of the Econoday forecast and the strongest since July 2005. The monthly percentage change is the strongest since March 2010. Incentives and low rates no doubt boosted sales but May's surge hints at pent-up demand, demand that has built up over the last six months when sales declined four times.

Among details, sales of North American-made vehicles rose 7.6 percent to a 14.2 million rate in a jump that points to a rise in future auto production and a rising auto contribution in the factory sector. Foreign-made vehicles sold at a 3.6 million rate for 9.1 percent gain which is among the largest monthly gains on record for this reading.

The April retail sales report proved to be a flop, but May's vehicle sales data point to a big surge for the motor vehicle component which makes up nearly 1/4 of total retail sales.

Consensus Outlook
Motor vehicle sales have been steady but not accelerating, but acceleration is what forecasters see for May, to a 17.0 million annual rate vs a below trend 16.5 million pace in April. Vehicle sales offer the very first hard data on any month's consumer spending.

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

2015 Release Schedule
Released On: 1/52/33/34/15/16/27/18/39/110/111/312/1
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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