2015 Economic Calendar
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Motor Vehicle Sales  
Released On 9/1/2015 For Aug, 2015
PriorConsensusConsensus RangeActual
Total Vehicle Sales17.6 M17.3 M16.8 M to 17.7 M17.8 M
Domestic Vehicle Sales14.2 M13.9 M13.7 M to 14.1 M14.1 M

The auto sector helped lead the economy in May through July and extended the string to August. Motor vehicle sales rose a strong 1.5 percent to a 17.8 million annual rate in August from what was a very strong July at 17.6 million. The gain, however, was narrow and was not in North American-made but foreign-made vehicles where sales jumped 9.6 percent to a 3.7 million annual rate. Strength in imports was centered in light trucks which rose a very sharp 13.2 percent to a 1.5 million rate. North-American made vehicles slipped 0.4 percent to a 14.1 million rate.

The lack of strength on the domestic side will limit strength in the vehicle components of factory of data which, however, were very strong in June and July. The overall gain points to a strong retail sales report for August. Auto sales are a popular topic and will likely be cited by the hawks as another factor supporting liftoff at the September 17 FOMC.

Consensus Outlook
Motor vehicle sales are expected to remain very strong but ease back slightly, to a 17.3 million annual unit rate from 17.6 million in July. Motor vehicles, both sales and production, turned out to be the economy's big highlight of June and July. This will be the first hard data on August's consumer sector and a stronger-than-expected reading could revive talk of a September rate hike.

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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