2017 Economic Calendar
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Motor Vehicle Sales  
Released On 7/3/2017 For Jun, 2017
PriorConsensusConsensus RangeActual
Total Vehicle Sales16.7 M16.6 M16.4 M to 17.0 M16.5 M
Domestic Vehicle Sales13.1 M13.0 M12.9 M to 13.2 M13.1 M

The consumer remains disengaged based on vehicle sales where weakness extended into June, at a 16.5 million annualized rate vs what were modest expectations for 16.6 million and against 16.7 million in May. North American-made sales edged up to 13.1 million from 13.0 million though the gain is due more to rounding than improvement, at 13.05 vs 13.03 million out to two decimals. These results do not point to strength for what has been a very weak autos component of the retail sales report.

Consensus Outlook
Unit vehicle sales have been trailing down this year and strength is not the consensus for June with the median at 16.6 million vs 16.7 million in May. Unit sales of North American-made vehicles are also expected to dip, to 13.0 from 13.1 million. These results will offer the first solid hints at the strength or weakness of consumer spending in June.

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
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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