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Friday, 12 January 2018 17:01

Uptick in Domestic Auto Sales; Vehicle Repair, Insurance Prices Also Increase

Written by Katherine Coig,

Domestic sales for new autos experienced an uptick November to December. According to the latest figures from the Bureau of Economic Analysis (BEA), U.S. automotive unit retail sales increased by 6 percent, or 20,900 units, on a month-over-month basis.

Year over year, domestic auto sales dropped 18.2 percent---to 366.6 thousand in December 2017 from 448.0 thousand in December 2016.

Here are the BEA’s latest figures:


Domestic auto sales 1

The Bureau of Labor and Statistics (BLS) also updated the consumer price index for November 2017. The index for motor vehicle maintenance and repair increased year over year by 1.3 percent, while month-over -month figures remained stagnant.

The index for insurance continues an upward trajectory, increasing by 8 percent on a year-over-year basis. October to November also increased, up 0.8 percent.

Consumer Price Index: Insurance and Repairs

The index for motor vehicle repairs and insurance.


Domestic auto sales 2


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