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Finance Dictionary and Glossary of Investment Terms
Auto And Truck Sales
Definition 1.
A government report sometimes referred to as vehicle sales that tallies the monthly sales of all domestically produced vehicles. It is considered an important indicator of consumer demand, accounting for roughly 25% of total retail sales. Demand for big-ticket items such as autos and trucks tends to be interest-rate sensitive, making the motor vehicle sector a leading indicator of business cycles. Each automaker reports sales individually. The reports are typically released over the course of the first three business days of the month. Using the individual reports, a total annual sales pace can be calculated after applying Commerce Department seasonal factors. It is this annual sales pace that the market refers to when discussing auto and truck sales for the month.Importance (A-F): This release merits a C-. Source: Individual auto manufacturers, seasonal factors by the Commerce Department. Release Time: Varies by automaker from the first business day to the third business day of the month (data for month prior).
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