Table 3
 Motor Vehicle Assemblies
 Millions of units, seasonally adjusted annual rate
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                                                     |   2003 |   2003            2004         |   2004                         
 Item                                                | Average|     Q3      Q4      Q1      Q2 |   Apr.     May    June    July 
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  Total                                              |  12.09 |  12.29   12.20   12.40   11.86 |  12.34   11.83   11.42   11.45 
     Autos                                           |   4.51 |   4.56    4.41    4.40    4.17 |   4.47    4.10    3.94    4.13 
     Trucks                                          |   7.58 |   7.73    7.79    8.01    7.69 |   7.87    7.72    7.48    7.32 
        Light                                        |   7.32 |   7.47    7.49    7.68    7.38 |   7.56    7.40    7.16    6.97 
        Medium and heavy                             |    .26 |    .26     .30     .33     .32 |    .31     .32     .32     .35 
                                                     |        |                                |
  Memo:                                              |        |                                |
     Autos and light trucks                          |  11.83 |  12.03   11.90   12.07   11.55 |  12.03   11.51   11.10   11.10 
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      Note.  Seasonal factors and underlying data for auto, light truck, and medium and heavy truck production are available on the Board's web site,
 www.federalreserve.gov/releases/G17/mvsf.htm