Expenditures: Vehicle Finance Charges by Region: Residence in the Northeast Census Region
CXUVEHFINCHLB1102M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
304.00
Year-over-Year Change
53.54%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures vehicle finance charges for consumers residing in the Northeast Census Region of the United States. It provides insights into the cost of borrowing for vehicle purchases in this geographic area.
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 Expenditures: Vehicle Finance Charges by Region data series tracks the average finance charges paid by consumers on vehicle purchases in different U.S. Census regions. This metric is an important indicator of household financing costs and consumer credit conditions.
Methodology
The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is used by economists and policymakers to analyze regional variations in consumer credit markets and household spending patterns.
Key Facts
- The Northeast Census Region includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
- Vehicle finance charges account for a significant portion of household transportation expenditures.
- This data series is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average finance charges paid by consumers on vehicle purchases in the Northeast Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into regional variations in consumer credit conditions and household spending patterns, which are important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze regional differences in consumer credit markets and household spending, which can inform economic policies and interventions.
Q: Are there update delays or limitations?
A: This data series is released monthly by the U.S. Bureau of Labor Statistics, with typical update delays of 1-2 months.
Related Trends
New Privately Owned Housing Completions by Number of Units in Building, 20 or more Units in the Northeast Census Region
COMPDTA20UMNEQ
Expenditures: Transportation by Region: Residence in the Northeast Census Region
CXUTRANSLB1102M
Net Change in Total Assets by Region: Residence in the Northeast Census Region
CXUCHGASSETLB1102M
Expenditures: Shelter by Region: Residence in the Northeast Census Region
CXUSHELTERLB1102M
Expenditures: Life and Other Personal Insurance by Region: Residence in the Northeast Census Region
CXULIFEINSRLB1102M
Value-Added Output Price Deflator for Private Nonfarm in the Northeast Census Region
IPUZNT050981000
Citation
U.S. Federal Reserve, Expenditures: Vehicle Finance Charges by Region: Residence in the Northeast Census Region (CXUVEHFINCHLB1102M), retrieved from FRED.