2017 Economic Calendar
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Motor Vehicle Sales  
Released On 9/1/2017 For Aug, 2017
PriorConsensusConsensus RangeActual
Total Vehicle Sales16.7 M16.7 M16.4 M to 16.8 M16.1 M
Domestic Vehicle Sales13.2 M12.8 M12.6 M to 13.1 M12.7 M

Unit vehicle sales faded noticeably in August, to a 16.1 million annualized rate from 16.7 million in July. This is the lowest rate since February 2014. Sales of domestic-made vehicles fell to 12.7 million from 13.2 million with imports at 3.5 million from 3.6 million. Sales of both cars and light trucks showed declines. These results point to a sharp August reversal from what were unusually strong vehicle sales in the retail sales report for July.

Consensus Outlook
Unit vehicle sales edged higher in July in contrast to dollar sales in the retail sales report where vehicles jolted higher. Though unit sales don't include price effects and are clouded by sales to businesses, they will nevertheless offer the first hint at the strength or weakness of consumer spending in August. Forecasters see total unit sales coming in unchanged in August at a 16.7 million annualized rate with sales of domestic makes, however, falling to 12.8 million vs July's 13.2 million.

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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