Sales: Retail Trade: Car Registration: Passenger Cars for Australia
Number, Monthly level, Monthly, Not Seasonally Adjusted
AUSSLRTCR03MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,245.00
Year-over-Year Change
8.73%
Date Range
1/1/1994 - 12/1/2023
Summary
This economic trend measures the monthly level of retail sales for automobile services and parts in the United States. It provides insights into consumer spending and demand within the automotive industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Retail Sales: Automobile Services and Parts, Monthly Level, Monthly, Not Seasonally Adjusted data series tracks the total sales revenue for automobile-related retail establishments, including service stations, automotive parts stores, and tire shops. This metric is a key indicator of consumer behavior and economic activity in the automotive sector.
Methodology
The data is collected through monthly surveys of retail businesses by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by economists, policymakers, and industry analysts to assess the health of the automotive market and consumer spending patterns.
Key Facts
- Measures monthly sales for automotive-related retail establishments.
- Provides insights into consumer demand and spending in the automotive sector.
- Data is collected through monthly surveys by the U.S. Census Bureau.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of retail sales for automobile services and parts in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of consumer behavior and economic activity in the automotive industry, making it relevant for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the health of the automotive market and consumer spending patterns, which can inform economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Retail Sales: Automobile Services and Parts, Monthly Level, Monthly, Not Seasonally Adjusted (AUSSLRTCR03MLM), retrieved from FRED.