2018 Economic Calendar
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Motor Vehicle Sales  
Released On 8/1/2018 For Jul, 2018
PriorPrior RevisedConsensusConsensus RangeActual
Total Vehicle Sales17.5 M17.2 M17.1 M16.6 M to 17.3 M16.8 M
Domestic Vehicle Sales13.6 M13.4 M12.9 M12.9 M to 13.2 M13.1 M

Unit vehicle sales proved surprisingly weak in July, at a 16.8 million annualized rate vs 17.2 million in June. This is the lowest rate since August last year but it will be the comparison with June that will pull down forecasts for July's retail sales report. Vehicles were a valuable contributor to the monthly retail sales reports throughout the second quarter, but today's results point to a flat opening for the third-quarter. Vehicle sales make up about one-fifth of total retail sales. Weakness was split between imports, at a 3.7 million rate vs June's 3.8, and domestic-made, at 13.1 million vs 13.4.

Consensus Outlook
A 17.1 million annualized rate is the consensus for total unit vehicle sales in July, a solid outcome that, however, would compare with a 17.5 million pace in June which easily topped Econoday's consensus range. Though July's rate is expected to be strong, the month-to-month comparison with June's strength could point to weakness for the motor vehicle component of the retail sales report. Domestic-made vehicles are expected to sale at a 12.9 million vs May's 13.6 million.

Unit sales of motor vehicles, published by the Bureau of Economic Analysis at the beginning of each month, include domestic sales and imports. Domestics are sales of autos produced in the U.S., Canada, and Mexico. Imports are U.S. sales of vehicles produced elsewhere. The data track all passenger cars and light trucks up to 14,000 pounds gross weight (including minivans and sport utility vehicles). Though totals include a relatively small portion sold to businesses, motor vehicle sales are good indicators of trends in consumer spending and often are considered a leading indicator at business cycle turning points.  Why Investors Care

Data Source: Haver Analytics

2018 Release Schedule
Released On: 1/32/13/14/35/16/17/38/19/410/312/4
Release For: DecJanFebMarAprMayJunJulAugSepNov

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