2018 Economic Calendar
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Motor Vehicle Sales  
Released On 1/3/2018 For Dec, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Total Vehicle Sales17.5 M17.5 M17.0 M to 17.7 M17.9 M
Domestic Vehicle Sales13.7 M13.8 M13.4 M13.2 M to 13.6 M14.0 M

Highlights
Unit vehicle sales proved solid in December, at a 17.9 million annualized rate vs 17.5 million in November. Outside of October and September, which were driven by hurricane-replacement demand, December's results are among the very best of the last two years. The results, which easily top Econoday's high estimate, point to strength for the motor vehicle component of the retail sales report and are a plus for fourth-quarter consumer spending. Domestic-made sales also topped the high estimate, coming in at a 14.0 million rate vs November's revised 13.8 million.

Consensus Outlook
Unit vehicle sales slowed in November to a still favorable 17.5 million annualized rate following spikes of 18.6 and 18.1 million on hurricane replacement demand in September and October. December's call is for steady strength at 17.5 million. Domestic-made unit sales are expected to come in at 13.4 million in what however would be down from 13.7 million in November and against September's peak of 14.6 million.

Definition
Unit sales of motor vehicles, published by the Bureau of Economic Analysis at the beginning of each month, include domestic sales and imports. Domestics are sales of autos produced in the U.S., Canada, and Mexico. Imports are U.S. sales of vehicles produced elsewhere. The data track all passenger cars and light trucks up to 14,000 pounds gross weight (including minivans and sport utility vehicles). Though totals include a relatively small portion sold to businesses, motor vehicle sales are good indicators of trends in consumer spending and often are considered a leading indicator at business cycle turning points.  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
 

2018 Release Schedule
Released On: 1/32/13/14/35/16/17/38/19/410/312/4
Release For: DecJanFebMarAprMayJunJulAugSepNov
 


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