Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Delaware
MSRSDE441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.70
Year-over-Year Change
-38.40%
Date Range
1/1/2019 - 4/1/2025
Summary
This economic trend measures monthly retail sales of motor vehicle and parts dealers in the state of Delaware. It provides valuable insights into consumer spending and the health of the local 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
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Delaware series tracks the total dollar value of retail sales made by motor vehicle and parts dealers located in Delaware. This data is used by economists and policymakers to analyze consumer demand, business investment, and broader economic conditions in the state.
Methodology
The data is collected through monthly surveys of businesses by the U.S. Census Bureau.
Historical Context
This economic indicator is closely monitored by auto industry analysts, local governments, and regional economic development agencies.
Key Facts
- Delaware's motor vehicle and parts dealers account for over 20% of total retail sales in the state.
- Retail sales in this sector have grown by an average of 3.5% annually over the past decade.
- Fluctuations in this indicator often precede changes in the broader Delaware economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly retail sales of motor vehicle and parts dealers located in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides valuable insights into consumer spending patterns and the health of Delaware's automotive industry, which is a critical component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by auto industry analysts, local governments, and regional economic development agencies to assess consumer demand, business investment, and broader economic conditions in Delaware.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Delaware (MSRSDE441), retrieved from FRED.