2017 Economic Calendar
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Motor Vehicle Sales  
Released On 12/1/2017 For Nov, 2017
PriorConsensusConsensus RangeActual
Total Vehicle Sales18.1 M17.6 M17.0 M to 18.0 M17.5 M
Domestic Vehicle Sales14.2 M13.7 M13.5 M to 14.0 M13.7 M

Highlights
Vehicle sales slowed in November to a nearly as-expected annualized rate of 17.5 million. Vehicle sales spiked in September to an 18.6 million rate on hurricane-replacement demand then eased but still came in very strong at 18.1 million in October. Yet November is also a very strong level and, outside of September and October, is in fact the best since February. Nevertheless, monthly comparisons are what counts in retail sales data and these results will hold back November results. Note that sales of domestic-made vehicles slowed to 13.7 million from 14.2 million.

Recent History Of This Indicator
Vehicle sales have been on fire following the heavy hurricane season and the need to replace vehicles. But forecasters see this effect easing though the November consensus for total unit sales is still strong at a 17.6 million annualized rate. Domestic-made vehicles are expected to slow to a 13.7 million rate from 14.2 million in October.

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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