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THE U.S. AUTOMOBILE INDUSTRY MONTHLY REPORT ON SELECTED ECONOMIC INDICATORS
Report to the Subcommittee on Trade, Committee on Ways and Means, on Investigation No. 332-207 Under Section 332 of the Tariff Act of 1930
USITC PUBLICATION 2259
FEBRUARY 1990
United States International Trade Commission Washington, DC 20436
UNITED STATES INTERNATIONAL TRADE COMMISSION
COMMISSIONERS
Anne E. Brunsdale, Chairman Ronald A. Cass, Vice Chairman
Alfred E. Eckes Seeley G. Lodwick
David B. Rohr Don E. Newquist
Office of Industries Robert A. Rogowsky, Director
This report was prepared principally by
Juanita S. Kavalauskas
Transportation Branch
Machinery and Equipment Division
Address all communications to Kenneth R. Mason, Secretary to the Commission
United States International Trade Commission Washington, DC 20436
CONTENTS
Tables
1. New passenger automobiles: U.S. retail sales of domestic production, production, inventory, days' supply, and employment, by specified periods, February 1988-January 1990 .. 1
2. New passenger automobiles: U.S. imports, by principal sources and by specified periods, January 1988-December 1989 ..... 2
3. Lightweight automobile trucks and bodies and cab/chassis for lightweight automobile trucks: U.S. imports, by principal sources and by specified periods, January 1988-December 1989 ..... 3
4. New passenger automobiles: U.S. exports of domestic merchandise, by principal markets and by specified periods, January 1988-December 1989 ..... 4
5. Lightweight automobile trucks and bodies and cab/chassis for lightweight automobile trucks: U.S. exports of domestic merchandise, by principal markets and by specified periods, January 1988-December 1989 ..... 5
6. New passenger automobiles: Sales of domestic and imported passenger automobiles and sales of imported passenger automobiles as a percent of total U.S. sales, by specified periods, 1989 and 1990 ..... 6
7. New passenger automobiles: Price indexes, by specified periods, 1988 and 1989 ..... 6
8. New passenger automobiles: Retail price changes in the U.S. market during January 1990 ..... 7
9. Manufacturers' suggested retail prices of selected U.S. and Japanese automobiles, April 1981-February 1990 ..... 8
Page
1
Table 1.--New passenger automobiles: U.S. retail sales of domestic production, production, inventory, days' supply, and employment, by specified periods, February 1988-January 1990
(In thousands of units: thousands of employees)
Item
1989-90 1988-89 Dec. 1989
Jan. 1990
Feb. 1989- Jan. 1990
Jan. 1989
Feb. 1988- Jan. 1989
Retail sales of domes- tic production:
Subcompact.... ..... 69 76 1,295 88 1,405 Compact ............ 109 137 1,951 115 1,863 Intermediate ....... 155 183 2,638 192 3,086 Standard ........... 77 95 1,138 67 1,031 Luxury ............. 46 54 683 47 672 Total ............ 456 545 7.704 509 8.057
Production: Subcompact ......... 61 66 1,136 111 1,309 Compact ............ 109 94 1,814 157 1,916 Intermediate ....... 157 115 2,201 246 2,992 Standard ........... 51 37 824 53 775 Luxury ............. 53 45 739 71 789 Total ............ 430 357 6.713 638 7.781
Inventory: Subcompact ......... 283 248 1/ 293 1/ Compact ............ 310 272 1/ 319 1/ Intermediate ....... 732 642 1/ 753 1/ Standard ........... 205 180 1/ 212 1/ Luxury ............. 139 122 1/ 145 1/ Total ............ 1.669 1.464 1/ 1.724 1/
Days' supply: 2/ Subcompact ......... 103 85 1/ 87 1/ Compact ............ 71 52 1/ 72 1/ Intermediate ....... 118 91 1/ 102 1/ Standard ........... 67 49 1/ 82 1/ Luxury ............. 76 59 1/ 80 1/ Average .......... 92 92 1/ 88 1/
Employment: 3/ Total employees .... 4/ 833 5/ 837 1/ 6/ 872 1/ Production workers .. 4/ 640 5/ 643 1/ 6/ 683 1/
1/ Not applicable. 2/ Days' supply is an average for each class size which is determined by the previous month's retail sales. 3/ Employment data are for SIC 371 (motor vehicles and motor vehicle equipment). 4/ Data are for November 1989, revised. 5/ Data are for December 1989. 6/ Data are for December 1988.
Source: Retail sales and production, Data Resources, Inc. Auto Information Bank; days' supply and inventory, Automotive News; and employment, U.S. Department of Labor.
Note.--Because of rounding, figures may not add to the totals shown.
2
Table 2.--New passenger automobiles: U.S. imports, by principal sources and by specified periods, January 1988-December 1989 1/
Source
1989 1988 Nov. 1989
Dec. 1989
Jan. 1989- Dec. 1989
Dec. 1988
Jan. 1988- Dec. 1988
Quantity (units)
Japan .......... 171,384 184,837 2,051,525 216,717 2,123,051 Canada ......... 116,014 94,007 1,151,122 88,887 1,191,357 West Germany ... 21,548 19,222 216,881 34,125 264,249 Korea .......... 19,550 21,217 270,609 44,434 455,741 Sweden ......... 7,634 9,546 101,571 10,469 108,006 Mexico ......... 7,766 4,640 133,049 12,069 148,065 Yugoslavia ..... 1 8 2,341 0 28,431 United Kingdom .. 4,078 2,664 29,378 2,854 31,636 Italy .......... 777 408 9,319 638 6,053 France ......... 3 9 4,885 616 15,990 Brazil ......... 5,061 4,611 46,147 2,922 59,401 All other ...... 2.001 2.673 25.901 1.940 18.233
Total ...... 355.817 343.842 4.042.728 415.671 4,450.213
Value (1 000 dollars)
Japan .......... 1,660,566 1,876,748 20,152,288 2,045,165 19,877,699 Canada ......... 1,315,321 1,053,604 12,872,651 997,530 13,255,226 West Germany ... 475,552 410,371 5,020,555 790,566 6,441,720 Korea .......... 108,686 113,456 1,592,436 266,930 2,486,510 Sweden ......... 126,978 154,992 1,649,382 167,046 1,698,197 Mexico ......... 75,246 46,797 1,174,784 103,630 1,270,947 Yugoslavia ..... 3 29 6,975 0 75,794 United Kingdom .. 122,262 88,534 937,014 97,104 941,406 Italy .......... 24,467 18,150 262,709 19,713 152,152 France ......... 29 253 58,765 7,250 171,178 Brazil ......... 31,375 28,501 282,399 17,034 341,274 All other ...... 33.179 44.539 406.657 32.165 292.592
Total ...... 3,973,665 3,835,974 44,416,615 4,544,134 47,004,697
1/ Data include imports into Puerto Rico and TSUSA items 692.1005-692.1008; data do not include automobiles assembled in U.S. foreign trade zones.
Source: Compiled from official statistics of the U.S. Department of Commerce.
Note.--Because of rounding, figures may not add to the totals shown.
3
Table 3.--Lightweight automobile trucks 1/ and bodies and cab/chassis for lightweight automobile trucks: U.S. imports, by principal sources and by specified periods, January 1988-December 1989 2/
1989 1988 Nov. Dec. Jan.
Source 1989 1989 Dec. 1989- 1989
Dec. 1988
Jan. Dec.
1988- 1988
Quantity (units) 3/
Japan .......... 28,666 28,699 422,851 46,381 548,356 Canada ......... 44,233 40,256 452,646 33,589 299,351 Mexico ......... 2,100 1,721 9,782 0 29 All other ...... 126 80 836 6 2.536
Total ...... 75.125 70.756 886.115 79.796 850.272
Value (1.000 dollars)
Japan .......... 165,974 168,210 2,584,397 302,095 3,241,138 Canada ......... 560,716 512,892 5,210,250 402,264. 3,400,302 Mexico ......... 26,004 21,112 121,647 617 9,428 All other ...... 4.970 3.116 53.931 2.557 143.291
Total ...... 757,664 705,330 7,970,225 707,533 6,794,160
1/ Defined as not over 10,000 pounds gvw. 2/ Partially estimated, all data include imports into Puerto Rico. 3/ Quantity data include complete trucks and cab/chassis, but exclude bodies.
Source: Compiled from official statistics of the U.S. Department of Commerce, except as noted.
Note.--Because of rounding, figures may not add to the totals shown.
4
Table 4.--New passenger automobiles: U.S. exports of domestic merchandise, by principal markets and by specified periods, January 1988-December 1989
Market
1989 1988 Nov. 1989
Dec. 1989
Jan. 1989- Dec. Dec. 1989 1988
Jan. 1988- Dec. 1988
Canada ......... Japan .......... All other ......
Total ......
Canada ......... Japan .......... All other ......
Total ......
Quantity (units)
25,469 2,241 16.911
19,275 1,684
16.197
306,782 40,493 15,733 2,440
143.413 16.555
616,910 21,720 140.343
44.621 37.156 465.928 59.488 778.973
Value (1.000 dollars)
301,516 42,239
236.991
272,717 30,231
238.397
3,816,015 432,393 260,541 30,600
1.904.642 201.813 •
6,259,139 271,412
1.781.216 580,746 541,345 5,981,198 664,806 8,311,767
Source: Compiled from official statistics of the U.S. Department of Commerce.
Note.--Because of rounding, figures may not add to the totals shown.
5
Table 5.--Lightweight automobile trucks 1/ and bodies and cab/chassis for light- weight automobile trucks: U.S. exports of domestic merchandise, by principal markets and by specified periods, January 1988-December 1989 2/
Market
1989 1988 Nov. 1989
Dec. 1989
Jan. 1989- Dec. 1989
Dec. 1988
Jan. 1988- Dec. 1988
Canada .......... All other ......
Total ......
Canada ......... All other ......
Total ......
Quantity (units) 3/
10,056 627
9,971 1.310
143,643 10,200 13.956 3.098
152,686 31.914
10.683 11.281 157.599 13.298 184.600
Value (1.000 dollars)
129,128 8.921
125,858 20.567
1,699,431 188.239
108,586 33.409
1,543,344 39.296
138,049 146,425 1,877,670 141,993. 1,936,310
1/ Defined as not over 10,000 pounds gvw. 2/ Partially estimated. 3/ Quantity data include complete trucks and cab/chassis, but exclude bodies.
Source: Compiled from official statistics of the U.S. Department of Commerce, except as noted.
Note.--Because of rounding, figures may not add to the totals shown.
6
Table 6.--New passenger automobiles: Sales of domestic and imported passenger automobiles and sales of imported passenger automobiles as a percent of total U.S. sales, by specified periods, 1989 and 1990
Period
Ratio of Sales of- import sales. Domestic Imported Total U.S. to total automoblies 1/ automobiles 2/ sales 1/ 2/ sales 1/ 2/ 1990 1989 1990 1989 1990 1989 1990 1989
Quantity (units) --Percent--
January.... 544,605 509,760 208,694 208,856 753,299 718,616 27.7 29.1
if Domestic automobile sales include U.S.-, Canadian - and Mexican-built automobiles sold in the United States. 2/ Does not include automobiles imported from Canada and Mexico.
Source: Automotive News.
Table 7.--New passenger automobiles: Price indexes, by specified periods, 1988 and 1989 1/
1989 1988 and 1989 Nov. Dec. Percent Dec. Dec. Percent
Item 1989 1989 change 1988 1989 change
Consumer Price Index:
Unadjusted... 120.5 121.8 +1.1 119.1 121.8 +2.3 Seasonally
adjusted... 119.6 120.8 +1.0 118.2 120.8 +2.2 Producer Price
Index: Unadjusted... 119.4 119.0 -0.3 116.3 119.0 +2.3 Seasonally
adjusted... 116.1 117.4 +1.1 114.1 117.4 +2.9
1/ Consumer price index, 1982-1984 = 100. Producer price index, 1982 = 100.
Source: U.S. Department of Labor.
7
Table 8.--New passenger automobiles: Retail price changes in the U.S. market during January 1990 1/
Retail price changes Country source/make January 1990 (+ or -)
U.S. producers: General Motors ................... No change. Ford ........................... No change. Chrysler ........................ No change.
Japanese producers: Toyota Motors .................... No change. Mazda ........................... No change. American Honda ................... No change. Acura Division ................... No change. Subaru .......................... No change.
European producers: Volkswagen ...................... No change. BMW ............................ No change. Audi ........................... No change. Porsche ......................... No change. Mercedes-Benz .................... No change.
Korean producer: Hyundai ......................... No change.
1/ Average retail price change for all models.
Source: Automotive News, January 1990.
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