Annual, Not Seasonally Adjusted
Quarterly, Not Seasonally Adjusted
PRMNCG02DKQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.33
Year-over-Year Change
-13.70%
Date Range
1/1/1974 - 7/1/2023
Summary
This economic trend measures the price index for new motor vehicle sales, providing insight into consumer demand and vehicle affordability.
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 New Motor Vehicle Sales: Price Index, Not Seasonally Adjusted tracks changes in the prices of new cars and light trucks sold in the United States. It serves as an important indicator of consumer purchasing power and the overall health of the automotive industry.
Methodology
The data is collected through surveys of new vehicle transactions and calculated as a price index by the U.S. Bureau of Economic Analysis.
Historical Context
Economists and policymakers monitor this trend to understand inflationary pressures and consumer spending patterns.
Key Facts
- The index is based on 2012 as the base year.
- Prices are collected from a sample of new vehicle transactions.
- The index helps track affordability of new vehicles for consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the price index for new motor vehicle sales in the United States, providing insights into consumer demand and the affordability of new cars and light trucks.
Q: Why is this trend relevant for users or analysts?
A: The New Motor Vehicle Sales: Price Index is an important indicator of consumer purchasing power and the overall health of the automotive industry, which is crucial for understanding broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of new vehicle transactions and calculated as a price index by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand inflationary pressures and consumer spending patterns, which can inform decision-making on economic and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published quarterly and may be subject to revisions as more information becomes available. There can be lags in data reporting, which should be considered when interpreting the latest figures.
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Citation
U.S. Federal Reserve, New Motor Vehicle Sales: Price Index, Not Seasonally Adjusted (PRMNCG02DKQ661N), retrieved from FRED.