Sales: Retail Trade: Car Registration: Passenger Cars for Canada
CANSLRTCR03MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,480.00
Year-over-Year Change
1.25%
Date Range
1/1/1960 - 10/1/2023
Summary
This economic trend measures retail sales of passenger cars in Canada. It is a key indicator of consumer demand and confidence in the Canadian automotive market.
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 Trade: Car Registration: Passenger Cars for Canada series tracks the total number of new passenger car registrations in Canada. This metric provides insights into consumer spending and purchasing behavior in the Canadian automotive industry.
Methodology
The data is collected by Statistics Canada through vehicle registration records.
Historical Context
Policymakers and analysts use this trend to assess the health of the Canadian economy and consumer sector.
Key Facts
- Canada is the 10th largest automotive market in the world.
- New passenger car sales account for over 50% of total retail trade in Canada.
- The automotive industry employs over 130,000 Canadians.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new passenger car registrations in Canada, providing insights into consumer spending and demand in the automotive market.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer confidence and economic health, as passenger car sales are a significant component of overall retail trade in Canada.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through vehicle registration records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the state of the Canadian economy and consumer sector, which can inform decisions on fiscal and monetary policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 2-3 months.
Related Trends
National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for Canada
CANGDPDEFQISMEI
Labor Compensation: Earnings: Manufacturing: Hourly for Canada
LCEAMN01CAA657S
Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Canada
DDDI04CAA156NWDB
Nominal Exports of Goods and Services for Canada
NXSAXDCCAQ
Share Prices: All Shares/Broad: Total for Canada
SPASTT01CAQ657N
National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Canada
CANIMPORTQDSMEI
Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Canada (CANSLRTCR03MLM), retrieved from FRED.