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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Domestic Car Sales fell to 3.93M in July 2018
FMPMonthlyReleased August 2018
US Domestic Car Sales fell to 3.93M in July 2018, released August 2018, down 0.02M from June's 3.95M reading. The reading matched the 3.9M consensus. The print is running well below the 12-month average of 4.32M. Over the past 3 months, Domestic Car Sales averaged 3.94M, vs 4.04M in the prior 3-month window. The reading is in the 13th percentile of the trailing 24-month range.
Latest Release
3.93
Actual
3.9
Consensus
3.95
Previous
Median Absolute Error
±0.07 million
across last 12 releases
Last Call
Aug 2018
Predicted: 3.87
Actual: 3.93
Error: -0.06
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Domestic Car Sales (United States) was reported at 3.77 million in September 2018. The reading fell from the previous value of 3.93 million.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3.89 million, down from the prior three at 3.97 million.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.07 million.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include MBA 30-Year Mortgage Rate (Jun 17) and Retail Sales MoM (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update September 2018.
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Domestic Car Sales - US
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About Domestic Car Sales — United States
DEFINITION
Domestic Car Sales is a financial indicator that measures the total number of cars sold within a country during a specific period of time. This indicator is used to assess the strength of the domestic automotive market and can provide insights into consumer spending, economic growth, and overall market trends. It is often used by investors, economists, and policymakers to make informed decisions and projections about the health of the domestic economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2018): actual 3.77 M. Prior reading (Jul 2018): 3.93 M. Before that (Jun 2018): 3.97 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.