2018 Economic Calendar
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Motor Vehicle Sales  
Released On 3/1/2018 For Feb, 2018
PriorConsensusConsensus RangeActual
Total Vehicle Sales17.2 M17.1 M16.9 M to 17.4 M17.1 M
Domestic Vehicle Sales13.3 M13.0 M13.0 M to 13.2 M13.2 M

Highlights
Since October's hurricane-replacement sales boom, vehicle sales have been very soft, posting steep declines in two of the last three retail sales report. And sales in February failed to improve, coming in at a 17.1 million annualized unit rate vs 17.2 million in January. This is the first indication on February consumer spending and it doesn't point to acceleration. Domestic-made sales came in at a 13.2 million rate vs January's 13.1 million.

Consensus Outlook
Vehicle sales fell sharply in January to a 17.2 million annualized rate with 17.1 million Econoday's consensus for February. Sales peaked on replacement demand following last year's heavy hurricane season and have since slowed. February's North American-made sales are expected to come in at a 13.0 million rate vs January's 13.3 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
 
 

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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