2017 Economic Calendar
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Motor Vehicle Sales  
Released On 6/1/2017 For May, 2017
PriorConsensusConsensus RangeActual
Total Vehicle Sales16.9 M16.9 M16.7 M to 17.1 M16.7 M
Domestic Vehicle Sales13.3 M13.1 M

Highlights
April's rebound in auto sales was not only modest it was short-lived. May unit vehicle sales fell to a lower-than-expected 16.7 million annualized rate from April's 16.9 million. The results do not point to strength for vehicle sales in dollar terms for the May retail sales report in what is yet the latest bad news for the second quarter.

Recent History Of This Indicator
Unit vehicle sales turned higher in April after sinking the first three months of the year. The same is true for the motor vehicle component of the retail sales report which has been one of the big disappointments so far in 2017. Forecasters do not see total unit vehicle sales for May extending April's bounce, at a consensus 16.9 million annualized rate which would be unchanged.

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
 
 

2017 Release Schedule
Released On: 1/42/13/14/35/26/17/38/19/110/311/112/1
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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