Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Canada
CANSACRMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35.30
Year-over-Year Change
-11.40%
Date Range
12/1/1946 - 11/1/2023
Summary
This economic trend measures passenger car registrations in Canada, which provides insight into activity in the wholesale and retail trade and repair of motor vehicles and motorcycles sector.
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
Passenger car registrations are a leading indicator of economic activity in the automotive industry and related trade sectors. This data is used by economists and policymakers to assess consumer demand, business investment, and broader economic trends.
Methodology
The data is collected through surveys of vehicle registrations in Canada.
Historical Context
This trend is closely watched by industry analysts and policymakers to understand consumer behavior and business conditions.
Key Facts
- Canada reports passenger car registrations monthly.
- Registrations peaked in 2017 and have declined since.
- The automotive sector accounts for over 2% of Canada's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger car registrations in Canada, which reflects activity in the wholesale and retail automotive trade and repair sectors.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations are a leading indicator of consumer demand, business investment, and broader economic conditions in Canada.
Q: How is this data collected or calculated?
A: The data is collected through surveys of vehicle registrations reported by government and industry sources in Canada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of the automotive industry and consumer spending, which informs decisions on monetary, fiscal, and regulatory policies.
Q: Are there update delays or limitations?
A: The data is reported monthly with a short lag, providing timely insight into economic conditions. However, it may not capture all unregistered vehicle activity.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Canada (CANSACRMISMEI), retrieved from FRED.