Total Vehicle Sales
a.k.a. US auto sales
A monthly count of new cars and light trucks sold in the US, a read on consumer confidence and big-ticket…
In plain English
A monthly count of new cars and light trucks sold in the US, a read on consumer confidence and big-ticket spending.
Total vehicle sales tracks how many new cars and light trucks Americans bought during the month, shown as a yearly pace. Cars are big, often financed purchases, so people tend to delay them when they are nervous or when loan rates rise.
That makes vehicle sales a decent gauge of consumer confidence and credit conditions, and they feed into the retail sales report. They rarely move currencies on their own.
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