2018 Economic Calendar
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Motor Vehicle Sales  
Released On 7/3/2018 For Jun, 2018
PriorConsensusConsensus RangeActual
Total Vehicle Sales16.9 M17.0 M16.9 M to 17.1 M17.5 M
Domestic Vehicle Sales13.0 M13.6 M

Highlights
Consumer spending may have been soft in May but the first glimpse of June is positive. Unit vehicle sales jumped to a 17.5 million annualized pace that easily tops Econoday's high estimate and points at strength for the motor vehicle component of the June retail sales report which will be released at mid-month. The month's strength is centered in domestic-made vehicles which sold at a 13.6 million rate vs 13.0 million in May. Threats of auto tariffs didn't pull forward sales for imports which came in unchanged at a 3.9 million rate.

Consensus Outlook
A 17.0 million annualized rate is the consensus for unit vehicle sales in June, a moderate-to-solid outcome that would compare with 16.9 million in May and hint at another constructive month for the auto component of the retail sales report.

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
 
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Data Source: Haver Analytics
 
 

2018 Release Schedule
Released On: 1/32/13/14/35/16/17/38/19/410/211/112/4
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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