Sales of motor vehicles are up to a 15.7 million unit seasonally adjusted annual rate in September after an upward revision to 15.3 million units in August. The annual pace of sales in September is above the consensus of 15.3 million units in the Econoday survey of forecasters. Sales of domestically-produced motor vehicles is unchanged at 12.0 million units in September from August. Sales of domestically-produced motor vehicles accounted for 77 percent of total sales.

Sales of passenger vehicles are up to 3.210 million units in September from 3.120 million units in August. Sales of light trucks which includes SUVs, minivans, and crossovers are up to 12.457 million units in September from 12.224 million units in the prior month. Light truck sales accounted for 80 percent of all motor vehicles sales.

Sales of heavy trucks mostly business equipment purchases dip to 513,000 in September after 544,000 in August. Businesses may not be buying as many vehicles while financing costs are on the rise.

Unit vehicle sales in September are expected to increase to a 15.3 million annualized rate from August's lower-than-expected 15.0 million.

Unit sales of motor vehicles, published by the Bureau of Economic Analysis at the beginning of each month, include domestic sales and imports. Domestics are sales of autos produced in the U.S., Canada, and Mexico. Imports are U.S. sales of vehicles produced elsewhere. The data track all passenger cars and light trucks up to 14,000 pounds gross weight (including minivans and sport utility vehicles). Though totals include a relatively small portion sold to businesses, motor vehicle sales are good indicators of trends in consumer spending and often are considered a leading indicator at business cycle turning points.

Since motor vehicle sales are an important element of consumer spending, market players watch this closely to get a handle on the direction of the economy. The pattern of consumption spending is one of the foremost influences on stock and bond markets. Strong economic growth translates to healthy corporate profits and higher stock prices. The bond market focus is on whether economic growth goes overboard and leads to inflation. Ideally, the economy walks that fine line between strong growth and excessive (inflationary) growth. This balance was achieved through much of the nineties. For this reason alone, investors in the stock and bond markets enjoyed huge gains during the bull market of the 1990s.

Retail sales growth did slow down in tandem with the equity market during the 2001 recession but then, boosted by a low interest rate environment, rose sharply through 2007 before falling sharply during the Great Recession. Sales then recovered and, once again boosted by low rates, began a long period of steady and favorable growth.

In a more specific sense, auto and truck sales show market conditions for auto makers and the slew of auto-related companies. These figures can influence particular stock prices and provide insight to investment opportunities in this industry. Given that most consumers borrow money to buy cars or trucks, sales also reflect confidence in current and future economic conditions.