Retail Trade Sales: Passenger Car Registrations for the European Union
SLRTCR03EUQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.33
Year-over-Year Change
3.86%
Date Range
4/1/1970 - 4/1/2019
Summary
The Retail Trade Sales: Passenger Car Registrations for the European Union is a key economic indicator that tracks the monthly sales volume of new passenger cars registered in the EU. This metric provides insights into consumer demand and overall 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 series measures the quantity of new passenger cars registered in the European Union, which serves as a proxy for retail sales and consumer spending in the automotive sector. Economists and policymakers closely monitor this indicator to gauge the health of the EU economy and consumer confidence.
Methodology
The data is collected by the European Automobile Manufacturers' Association (ACEA) from national vehicle registration authorities across the EU member states.
Historical Context
Passenger car sales figures are widely used by analysts, businesses, and policymakers to inform economic forecasts, investment decisions, and fiscal/monetary policy.
Key Facts
- The EU registered over 9.7 million new passenger cars in 2021.
- Passenger car sales in the EU declined by 2.4% in 2021 compared to 2020.
- Germany is the largest passenger car market in the EU, accounting for over 25% of registrations.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade Sales: Passenger Car Registrations for the European Union measures the monthly volume of new passenger vehicles registered across the EU member states.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into consumer demand and spending patterns in the automotive sector, which is a key driver of economic activity in the EU.
Q: How is this data collected or calculated?
A: The data is collected by the European Automobile Manufacturers' Association (ACEA) from national vehicle registration authorities across the EU member states.
Q: How is this trend used in economic policy?
A: Passenger car sales figures are closely monitored by analysts, businesses, and policymakers to inform economic forecasts, investment decisions, and fiscal/monetary policy in the EU.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Retail Trade Sales: Passenger Car Registrations for the European Union (SLRTCR03EUQ657S), retrieved from FRED.