Economic Indicators: Auto Sales

US Economic Indicators: Auto Sales

Yardeni Research, Inc.

February 17, 2021

Dr. Edward Yardeni

516-972-7683 eyardeni@

Debbie Johnson

480-664-1333 djohnson@

Mali Quintana

480-664-1333 aquintana@

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Table Of Contents Table Of Contents

Car & Light Truck Sales

1

Car & Light Truck Sales & Production

2

Domestic Auto Inventories

3

Auto Sales

4-5

PCED & CPI Autos

6

PCE Autos

7

February 17, 2021 / Economic Indicators: Auto Sales

Yardeni Research, Inc.



Car & Light Truck Sales

Figure 1.

22

US MOTOR VEHICLE SALES* (million units, saar)

20

Total (16.8)

12-month

18

moving average (14.5)

16

22

20

18 Jan

16

14

14

12

12

10

10



8

8

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

* Includes domestic cars, light trucks, and imports. Source: Autodata and Haver Analytics.

Figure 2.

12

12

US MOTOR VEHICLE SALES

(million units, saar)

Domestic Cars (2.7)

10

Domestic Light

10

Trucks (10.2)

Imports (4.0)

8

8

6

6

4

4

Jan

2

2



0

0

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

Source: Autodata and Haver Analytics.

Page 1 / February 17, 2021 / Economic Indicators: Auto Sales

Yardeni Research, Inc.



Car & Light Truck Sales & Production

Figure 3.

21

21

DOMESTIC AUTO & LIGHT TRUCK SALES & PRODUCTION

(million units, saar)

18

18

15

15

Jan

12

12

9

9

6

6

Sales (12.8)

3

Production (10.5)

3

0

0



-3

-3

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

Source: Bureau of Economic Analysis and Federal Reserve Board.

Figure 4.

10

10

DOMESTIC AUTO & LIGHT TRUCK PRODUCTION

9 (million units, saar)

9

8

8

7

7

6

6

5

5

4

4

3

3

2

Autos (2.0)

1

Light Trucks (8.4)

0

Jan

2

1

0

-1

-1



-2

-2

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

Source: Bureau of Economic Analysis.

Page 2 / February 17, 2021 / Economic Indicators: Auto Sales

Yardeni Research, Inc.



Domestic Auto Inventories

Figure 5.

5.0

5.0

DOMESTIC AUTO INVENTORY/SALES RATIO*

(months' supply)

4.5

4.5

4.0

4.0

3.5

3.5

3.0

3.0

2.5

2.5

2.0

2.0

Dec

1.5

1.5



1.0

1.0

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

* Autos produced in US, Canada, and Mexico and sold in US. Source: Bureau of Economic Analysis.

Figure 6.

140

140

DOMESTIC AUTO INDUSTRY DAYS' SUPPLY

(I/S ratio times the number of selling days)

120

120

100

100

80

80

60

Dec

60

40

40



20

20

96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22

Source: Bureau of Economic Analysis.

Page 3 / February 17, 2021 / Economic Indicators: Auto Sales

Yardeni Research, Inc.



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