U.S. Total Vehicle Sales

Total Vehicle Sales is a monthly economic reading released by the Autodata Corporation which measures the number of vehicles sold in an annualized number, meaning it is a forward-looking estimate and is subject to revisions. It is an important indicator as it shows important insights for the consumer spending, as the average selling price of a new car is an important amount, so higher readings of Total Vehicle Sales are positive for the US Dollar and the automotive sector, and in general for the US economy, as higher readings can have a positive impact on the GDP growth. The Total Vehicle Sales reflect also general consumer confidence, meaning that when consumers are more optimistic about the general economic outlook they will be more likely to purchase new vehicles.

The United States Total Vehicle Sales

The United States Total Vehicle Sales for the month of June 2017 was 16.51 million, higher than the forecast of 16.50 million, but lower than the previous estimate of 16.66 million. For the first semester of the year, the Total Vehicle Sales show a downtrend, with the highest reading of 17.61 million in January. The readings are volatile, and the 1-year trend is a downtrend, indicating weaker Total Vehicle Sales. The long-term average reading for Total Vehicle sales for the period of years 1993-2017 is 15.49 million, with an all-time high reading of 21.77 million in October of 2001, and an all-time low reading of 9.05 million in February of 2009.