2018 Economic Calendar
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Motor Vehicle Sales  
Released On 4/3/2018 For Mar, 2018
PriorConsensusConsensus RangeActual
Total Vehicle Sales17.1 M16.9 M16.8 M to 17.3 M17.5 M
Domestic Vehicle Sales13.2 M12.9 M12.8 M to 13.2 M13.7 M

Highlights
Unit vehicle sales proved strong in March, coming in at a 17.5 million annualized rate which easily tops Econoday's high estimate. Strength is centered in domestic-made light trucks in results that point to the year's first major success for consumer spending. Total sales of domestic vehicles, at 13.7 million, far surpassed the high estimate for 13.2 million.

Consensus Outlook
Vehicle sales have been very soft in recent months and more of the same is expected for March. Forecasters see total unit sales slipping to a 16.9 million annualized rate from February's 17.1 million in a result that would point to a fourth straight month of weakness for the retail sales report. Domestic-made sales are expected to slip to a 12.9 million rate from 13.2 million in February.

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: 1/32/13/14/35/16/17/38/19/510/211/112/4
Release For: DecJanFebMarAprMayJunJulAugSepOctNov
 


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