Sales: Retail trade: Car registration: Passenger cars for the European Union
EU28SLRTCR03GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.63
Year-over-Year Change
-31.66%
Date Range
2/1/1970 - 12/1/2019
Summary
The 'Sales: Retail trade: Car registration: Passenger cars for the European Union' metric tracks the monthly volume of new passenger car registrations across the 28 member states of the European Union. This provides key insights into consumer demand and confidence within the European 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
This data series represents the total number of new passenger car registrations in the European Union, which is a closely watched indicator of consumer spending, industry performance, and macroeconomic conditions. Analysts and policymakers use this metric to assess the health of the European auto market and broader economy.
Methodology
The data is collected by the European Automobile Manufacturers' Association (ACEA) from national vehicle registration authorities.
Historical Context
This retail sales trend is a leading indicator used by economists, investors, and policymakers to gauge consumer sentiment and spending patterns.
Key Facts
- EU passenger car registrations totaled over 15 million units in 2021.
- Germany is the largest automotive market in the EU, accounting for over 30% of sales.
- New car sales declined during the COVID-19 pandemic but have begun to recover.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monthly volume of new passenger car registrations across the 28 member states of the European Union.
Q: Why is this trend relevant for users or analysts?
A: This data provides key insights into consumer demand and confidence within the European automotive industry, serving as a leading indicator for broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the European Automobile Manufacturers' Association (ACEA) from national vehicle registration authorities.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers use this retail sales trend to gauge consumer sentiment and spending patterns, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Sales: Retail trade: Car registration: Passenger cars for the European Union (EU28SLRTCR03GPSAM), retrieved from FRED.