Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for United States
USASACRMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.15
Year-over-Year Change
0.17%
Date Range
1/1/1959 - 3/1/2024
Summary
This trend measures wholesale and retail trade activity in the U.S. motor vehicle and motorcycle repair industry. It provides insights into economic conditions and consumer demand for these products and services.
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 passenger car registrations data reflects the number of new vehicle registrations, which is a proxy for overall sales and economic activity in the motor vehicle trade and repair sectors. Economists and policymakers use this metric to gauge consumer spending and business investment in this key industry.
Methodology
The data is collected from administrative records on new vehicle registrations.
Historical Context
This indicator is relevant for understanding the health of the broader retail and consumer sectors.
Key Facts
- New vehicle registrations proxy for consumer demand.
- Retail and wholesale trade in autos/motorcycles is a key economic sector.
- Data covers both light vehicles and commercial trucks/vans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of new passenger vehicle registrations, which indicates wholesale and retail activity in the motor vehicle and motorcycle trade and repair industries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending, business investment, and overall economic conditions in a key consumer-facing industry.
Q: How is this data collected or calculated?
A: The data is collected from administrative records on new vehicle registrations.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this indicator to gauge consumer demand, business investment, and the health of the broader retail and automotive sectors.
Q: Are there update delays or limitations?
A: The data is published with a short lag, generally reflecting the most recent complete month or quarter.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for United States (USASACRMISMEI), retrieved from FRED.