2009 Economic Calendar
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Motor Vehicle Sales
Released On 5/1/2009 For Apr, 2009
PriorConsensusConsensus RangeActual
Total Vehicle Sales6.9 M7.2 M6.8 M to 7.2 M6.9 M

Highlights
Vehicle sales show little month-to-month change in April, at a 6.9 million unit adjusted annual sales rate vs. the same rate in March. Sales at now bankrupt Chrysler show severe month-to-month contraction. These numbers are for North American-made vehicles which make up the bulk of total U.S. sales. Imports sold at a 2.5 million pace, sizably down from 2.9 million in March. These numbers won't raise expectations for a rebound in April retail sales. Chain stores will begin posting their individual results for April through next week with the bulk of reports out on Thursday. Optimism on the economic outlook will not improve if the retail sales report, to be posted at mid month, proves as big of a disappointment in April as it did in March.

Market Consensus before announcement
Sales of domestic motor vehicles made a moderate comeback in March, rising to an annualized 6.9 million units from 6.3 million the month before. . But year-on-year, sales are still depressed. GM showed a 44.7 percent year-on-year drop while Ford and Chrysler were down 40.8 percent and 39.3 percent, respectively. Combined domestics and imports rose to a 9.9 million unit pace in March from 9.1 million the month before.

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
 

 

2009 Release Schedule
Released On: 1/52/33/34/15/16/27/18/39/110/111/312/1
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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