ECONOMIC INDICATORS MONTHLY REPORT ON SELECTED THE …

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 2279

APRIL 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, April 1988-March 1990 1

2. New passenger automobiles: U.S. imports, by principal sources and by specified periods, March 1988-February 1990 2

3. Lightweight automobile trucks and bodies and cab/chassis for lightweight automobile trucks: U.S. imports, by principal sources and by specified periods, March 1988-February 1990 3

4. New passenger automobiles: U.S. exports of domestic merchandise, by principal markets and by specified periods, March 1988 -February 1990 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, March 1988-February 1990 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, 1989 and 1990 6

8. New passenger automobiles: Retail price changes in the U.S. market during March 1990 7

9. Manufacturers' suggested retail prices of selected U.S. and Japanese automobiles, April 1981-April 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, April 1988 -March 1990

(In thousands of units: thousands of employees)

Item

1989-90 1988-89 Feb. 1990

Mar. 1990

Apr. Mar.

1989- Mar. 1990 1989

Apr. 1988- Mar. 1989

Retail sales of domestic production:

Subcompact 75 85 1,256 98 1,391 Compact 118 152 1,917 151 1,875 Intermediate 190 215 2,573 246 3,013 Standard 98 104 1,198 82 979 Luxury 51 67 669 62 689 Total 512 623 7.610 640 7.947

Production: Subcompact 69 91 1,108 99 1,286 Compact 128 170 1,783 176 1,946 Intermediate 178 224 2,153 245 2,776 Standard 60 72 818 62 798 Luxury 62 64 744 70 788 Total 497 620 6.604 652 7.796

Inventory Subcompact 248 251 1/ 310 1/ Compact 272 275 1/ 337 1/ Intermediate 643 651 1/ 796 if Standard 179 181 1/ 224 1/ Luxury 121 122 1/ 153 1/ Total 1.463 1.481 1/ 1.822 1/

Days' supply: 2/ Subcompact 79 80 1/ 82 1/ Compact 55 49 1/ 58 1/ Intermediate 81 82 1/ 84 1/ Standard 44 47 1/ 71 1/ Luxury 57 49 1/ 64 1/ Average 70 64 1/ 74 1/

Employment: 2/ Total employees 4/ 719 5/ 822 1/ 6/ 860 1/ Production workers 4/ 526 5/ 628 1/ 6/ 669 1/

1/ Not applicable. 2/ Days' supply is an average for each class size which is determined by the previous month's retail sales. 2/ Employment data are for SIC 371 (motor vehicles and motor vehicle equipment). 4/ Data are for January 1989, revised. 5/ Data are for February 1990. 6/ Data are for February 1989.

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, March 1988-February 1990 1/

Source

1989-90 1988-89 Jan, 1990

Feb. 1990

Mar. 1989- Feb. 1990

Feb. 1989

Mar. 1988- Feb, 1989

Quantity (units)

Japan 139,134 150,853 2,020,529 170,600 2,115,304 Canada 71,614 99,939 1,124,331 112,381 1,191,394 West Germany 20,997 16,402 213,066 20,423 256,018 Korea 12,879 17,343 226,880 31,894 429,953 Sweden 5,463 10,843 93,774 10,979 117,263. Mexico 7,332 8,320 129,863 13,710 141,040 'Yugoslavia 15 14 43 2,327 20,212 United Kingdom 2,257 2,456 29,062 3,237 31,715 Italy 637 929 9,744 640 5,412 France 77 59 3,441 539 16,255 Brazil 2,278 936 42,158 3,261 54,993 All other 2.066 2.342 27.210 2.479 18.756

Total 264.749 310.436 3.920,101 372.470 4.398.315

Value (1.000 dollars)

Japan 1,375,006 1,536,669 20,009,643 1,642,611 19,938,511 Canada 743,831 1,087,396 12,491,317 1,252,188 13,306,997 West Germany 491,407 415,298 4,977,256 478,998 6,228,351 Korea 74,526 96,650 1,333,075 185,972 2,397,451 Sweden 88,278 181,940 1,535,488 171,959 1,856,081 Mexico 71,486 85,565 1,165,705 118,196 1,217,950 Yugoslavia 58 59 163 6,928 55,646 United Kingdom 61,161 79,067 923,562 97,627 955,915 Italy 19,198 23,027 274,673 17,416 147,997 France 906 1,079 41,767 6,347 171,511 Brazil 13,928 5,826 259,687 19,602 320,443 All other 32.747 34.824 433.632 30.479 291.056

Total 2,972,532 3,574,401 43,472,969 4,028,324 46,887,910

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.


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, March 1988-February 1990 2/

Source

1989-90 1988-89 Jan. 1990

Feb. 1990

Mar. 1989- Feb 1990

Feb. _1989

Mar. 1988- Feb. 1989

Quantity (units) 3_/

Japan 23,143 19,377 389,196 38,066 528,502 Canada 31,336 33,659 432,863 39,622 333,404 Mexico 1,629 1,564 11,355 0 28 All other 9 55 4.180 0 2.441

Total 56.117 54.655 837.594 77.688 864,375


Japan 133,352 113,385 2,340,161 240,396 3,190,611 Canada 402,027 438,701 5,575,019 504,295 3,819,707 Mexico 20,071 19,471 160,294 64 9,919 All other 2.324 4,059 200.156 6.118 133.125

Total 557,774 575,616 8,275,628 750,875 7,153,364

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.


4

Table 4.--New passenger automobiles: U.S. exports of domestic merchandise, by principal markets and by specified periods, March 1988-February 1990 1/

Market

1989-90 1988-89 Jan. 1990

Feb. 1990

Mar. 1989- Feb. 1990

Feb. 1989

Mar. 1988- Feb. 1989

Canada Japan All other

Total

Canada Japan All other

Total

Quantity (units)

26,661 2,659 19.715

52,108 2,963

12.734

552,868 54,983

23,877 1,866

186.931 15.689

617,806 23,941

155.381 49.035 67.805 763.676 72.538 797.128

Value (1.000 dollars) 314,971 47,705 254.375

619,957 50,852 164.221

6,063,738 589,421

380,904 26,346

2.416.592 194.593

6,325,600 300,989 888.549

617,052 835,030 8,861,234 810,360 7,515,138

1/ 1989 data revised.

Source: Compiled from official statistics of the U.S. Department of Commerce.


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, March 1988-February 1990 2/

Market

1989-90 1988-89 Jan. 1990

Feb. 1990

Mar. 1989- Feb. 1990

Feb. 1989

Mar. 1988- Feb. 1989

Canada

All other

Total

Canada

All other

Total

Quantity (units) 3/

4,500 773

9,654 444

128,182 16,074

21.172 1.441 143,607 13.924

5.273 10.098 149.354 17.515 157.531


57,256 10.150

120,062 7.457

1,547,379 158.243

179,949 19.036

1,594,501 389.879

67,406 127,519 1,705,621 198,986 1,984,381

I/ Defined as not over 10,000 pounds gvw. 21 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.


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

Sales of- Domestic Imported Total U.S. automobiles 1/ automobiles 2/ sales 1/ 21

Period 1990 1989 1990 1989 1990 1989 Quantity (units)

January.... 544,605 509,760 208,694 208,856 753,299 718,516 February... 531,546 552,042 193,912 198,825 725,458 750,867

1,076,151 1,061,802 402,606 407,681 1,478,757 1,644,955 March 622,949 639,631 228,221 245,161 851,170 884,792 Jan.-Mar 1,699,100 1,701,433 630,827 652,842 2,329,927 2,529,747

Ratio of import sales to total sales 1/ 2/ 1990 1989 --percent--

27.7 29.1

26.7 26.5

27.2 27.7

26.8 27.7

27.1 25.8

1/ 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, 1989 and 1990 1/

Item

1989-90 1989 and 1990 Jan. 1990

Feb. 1990

Percent change

Feb. 1989

Feb. 1990

Percent change

Consumer Price Index:

Unadjusted... 122.3 121.9 -0.3 119.6 121.9 +1.9 Seasonally

adjusted... 121.6 121.4 -0.3 119.3 121.4 +1.8 Producer Price

Index: Unadjusted... 116.9 116.5 -0.3 116.0 116.5 4-0.4 Seasonally

adjusted... 116.6 116.6 0 115.7 116.6 +0.8

lj 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 March 1990 1/

Retail price changes Country source/make March 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, March 1990.

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