Sales: Retail Trade: Car Registration: Passenger Cars for United States
USASLRTCR03MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
259,333.33
Year-over-Year Change
2.54%
Date Range
1/1/1960 - 10/1/2023
Summary
This economic trend measures passenger car registrations, a key indicator of consumer demand and spending patterns in the U.S. retail trade sector.
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 Trade: Car Registration: Passenger Cars for United States metric tracks the total number of new passenger car registrations across the country. This data provides insights into consumer confidence, vehicle purchasing habits, and broader economic conditions.
Methodology
The data is collected through surveys of motor vehicle registration agencies.
Historical Context
Policymakers and analysts use this metric to assess consumer spending, transportation trends, and the overall health of the retail industry.
Key Facts
- Passenger car registrations hit a record high in 2021.
- The data is reported on a monthly basis by the U.S. Federal Reserve.
- This metric is a leading indicator of broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of new passenger car registrations in the United States, providing insights into consumer demand and spending patterns in the retail trade sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of consumer confidence, transportation trends, and the overall health of the retail industry, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of motor vehicle registration agencies across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess consumer spending, transportation patterns, and the state of the retail sector, which informs economic policies and decision-making.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis by the U.S. Federal Reserve, with a typical delay of several weeks between the reference period and the data release.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for United States (USASLRTCR03MLSAM), retrieved from FRED.