Sales: Retail trade: Car registration: Passenger cars for G7
G7SLRTCR03GPSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.05
Year-over-Year Change
67.19%
Date Range
5/1/1968 - 4/1/2025
Summary
This economic trend measures retail sales of passenger cars across the G7 countries. It provides insight into consumer demand and spending patterns in the automotive sector, which is a key indicator of overall economic health.
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 G7 series tracks the total number of new passenger vehicle registrations in the G7 nations, which include the United States, Canada, United Kingdom, France, Germany, Italy, and Japan. This metric is widely used by economists and policymakers to assess consumer confidence and spending behaviors in the automotive market.
Methodology
The data is collected directly from vehicle registration authorities in each G7 country.
Historical Context
This trend is closely monitored by industry analysts, central banks, and government agencies to inform macroeconomic policy decisions.
Key Facts
- Passenger car sales account for over 50% of total retail trade in the G7 countries.
- New vehicle registrations declined by 15% globally in 2020 due to the COVID-19 pandemic.
- Germany leads the G7 in passenger car sales, representing over 30% of the regional market.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of new passenger vehicle registrations across the G7 countries, providing insight into consumer demand and spending in the automotive sector.
Q: Why is this trend relevant for users or analysts?
A: Passenger car sales are a key indicator of overall economic health and consumer confidence, making this trend important for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from vehicle registration authorities in each of the G7 countries.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by central banks, government agencies, and industry analysts to inform macroeconomic policy decisions and assess consumer spending patterns.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in reporting from individual countries.
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Citation
U.S. Federal Reserve, Sales: Retail trade: Car registration: Passenger cars for G7 (G7SLRTCR03GPSAM), retrieved from FRED.