Sales: Retail Trade: Car Registration: Passenger Cars for Czech Republic
Number, Monthly level, Annual, Not Seasonally Adjusted
SLRTCR03CZA180N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,007.25
Year-over-Year Change
13.27%
Date Range
1/1/2003 - 1/1/2022
Summary
This economic trend measures retail sales of motor vehicle and parts dealers in the United States on a monthly basis. It provides insights into consumer spending and the health of the 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 Retail Sales: Motor Vehicle and Parts Dealers indicator tracks the value of sales by establishments primarily engaged in retailing new and used vehicles, as well as parts and accessories. It serves as a key barometer of consumer demand and broader economic conditions.
Methodology
The data is collected through monthly surveys of a sample of retail businesses in the United States.
Historical Context
Retail sales figures are closely monitored by policymakers, analysts, and investors to gauge the strength of consumer spending and overall economic trends.
Key Facts
- Motor vehicle and parts dealers account for nearly a fifth of total U.S. retail sales.
- Retail sales in this sector can signal changes in consumer confidence and purchasing power.
- Monthly data on motor vehicle and parts sales is a leading indicator of broader economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly level of retail sales by motor vehicle and parts dealers in the United States on an annual, not seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and the health of the automotive industry, which is a crucial sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of a sample of retail businesses in the United States.
Q: How is this trend used in economic policy?
A: Retail sales figures, including motor vehicle and parts sales, are closely monitored by policymakers, analysts, and investors to gauge the strength of consumer spending and overall economic trends.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Retail Sales: Motor Vehicle and Parts Dealers (SLRTCR03CZA180N), retrieved from FRED.