Domestic auto sales experienced a slight decrease from May to June. According to the latest figures from the Bureau of Economic Analysis (BEA), U.S. automotive unit retail sales dropped by 8.3 percent, or 36,200 units, on a month over month basis.
Year over year, domestic auto sales dropped by 11.4 percent to 402.4 thousand in June 2017 from 454.0 thousand in June 2016.
Here are the BEA’s latest figures:
Motor Vehicle Unit Retail Sales: Domestic Autos
|
Not seasonally adjusted (Thousands) |
Combined seasonal, trading-day factor |
Seasonally adjusted (Thousands) | Seasonally adjusted at annual rates (Millions) | |||||||
| March | 2017 | 454.4 | 116.58 | 389.8 | 4.678 | |||||
| April | 2017 | 416.3 | 103.82 | 401.0 | 4.812 | |||||
| May | 2017 | 438.6 | 114.14 | 384.3 | 4.611 | |||||
| June | 2017 | 402.4 | 110.38 | 364.6 | 4.375 |
Source: Bureau of Economic Analysis
The Bureau of Labor and Statistics (BLS) also updated the consumer price index for June 2017. The index for motor vehicle maintenance and repair increased year over year by 1.4 percent. Month over month figures, however, represent a slight decrease by .4 percent.
The index for insurance continues an upward trajectory, increasing by 7.7 percent on a year over year basis. May to June also saw an uptick, with an increase of .8 percent.
Consumer Price Index: Insurance and Repairs
The index for motor vehicle repairs and insurance.
| Unadjusted percent change
June 2016-June 2017 |
Unadjusted percent change
May 2017-June 2017 |
|
| Motor Vehicle Maintenance and Repair | 1.4 | -0.4 |
| Motor Vehicle Insurance | 7.7 | 0.8 |
Source: Consumer Price Index
