Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Luxembourg
Monthly
LUXSARTMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.35
Year-over-Year Change
7.45%
Date Range
1/1/1995 - 4/1/2024
Summary
The Monthly Retail Sales: Motor Vehicle and Parts Dealers trend measures sales at motor vehicle and parts dealers in the United States. It is a key indicator of consumer spending and economic activity.
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 tracks the total value of sales at motor vehicle and parts dealers on a monthly basis. It is an important gauge of consumer confidence and the health of the automotive industry, which is a significant component of the U.S. economy.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this trend to assess the state of consumer demand and make informed decisions.
Key Facts
- Motor vehicle and parts dealers account for about 20% of total retail sales.
- This trend reached a record high of $123.8 billion in March 2022.
- Sales at motor vehicle and parts dealers fell sharply during the COVID-19 pandemic but have since rebounded.
FAQs
Q: What does this economic trend measure?
A: The Monthly Retail Sales: Motor Vehicle and Parts Dealers trend measures the total value of sales at motor vehicle and parts dealers in the United States on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of consumer spending and the health of the automotive industry, which is a significant component of the U.S. economy. Economists and policymakers monitor this data to assess the state of consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the state of consumer demand and make informed decisions about economic policy, particularly in relation to the automotive industry and consumer spending.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis by the U.S. Census Bureau, with a typical delay of around two weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Monthly Retail Sales: Motor Vehicle and Parts Dealers (LUXSARTMISMEI), retrieved from FRED.