US motor vehicle sales probably rose in December

US total motor vehicles sales in the month of December are expected by the market consensus to record at 18 millions saar. The domestic motor vehicle sales are likely to record at 14.5 mn saar as per consensus.

"Solid underlying demand, combined with attractive financing terms and lower gasoline prices, probably propelled unit motor vehicle sales to a seasonally adjusted annual rate of 18.3 million in December - the highest single-month tally since the end of the "Cash for Clunkers" program in July 2005", says Societe Generale in a research note.