2017 Economic Calendar
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Motor Vehicle Sales  
Released On 8/1/2017 For Jul, 2017
PriorConsensusConsensus RangeActual
Total Vehicle Sales16.5 M16.8 M16.4 M to 17.3 M16.7 M
Domestic Vehicle Sales13.1 M13.2 M

Vehicles have declined in 4 of the last 5 retail sales reports but there may be at least some hope for July as unit sales edged higher to a 16.7 million annualized rate overall and a 13.2 million rate for domestic made. But there's a fair warning: unit sales, which also include sales to businesses as well as consumers, don't always translate neatly into dollar sales. Domestic cars and imported light trucks showed the most life in the month.

Consensus Outlook
Unit vehicle sales have been soft, missing Econoday's consensus each month this year. The consensus for July is an increase to a 16.8 million annualized rate from June's 16.6 million. These numbers will offer the first solid hints on how strong consumer spending was in July.

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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