2017 Economic Calendar
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Motor Vehicle Sales  
Released On 11/1/2017 For Oct, 2017
PriorConsensusConsensus RangeActual
Total Vehicle Sales18.6 M17.5 M16.5 M to 17.8 M18.1 M
Domestic Vehicle Sales14.7 M13.6 M13.5 M to 13.7 M14.2 M

Highlights
Hurricane-replacement demand may still be in play for the auto sector as unit sales easily topped Econoday's high estimate for October, at an 18.1 million annualized rate and down only modestly from September's 12-year high at 18.6 million. Domestic-made sales came in at 14.2 million vs 14.7 million in September. Though the month-to-month comparisons point to a slip in final dollar sales, the levels remain very high and mark a surprisingly good start to third-quarter consumer spending.

Recent History Of This Indicator
Hurricane replacement made for an unusual spike in September unit vehicle sales, to an 18.6 million annualized rate and a 12-year high. Forecasters see a sharp fall off for October though the consensus forecast of 17.5 million is still healthy. Sales of domestic-made vehicles are seen coming in at 13.6 million vs September's 14.7 million.

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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