Sales: Retail Trade: Car Registration: Passenger Cars for Canada
CANSLRTCR03MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,552.12
Year-over-Year Change
-6.42%
Date Range
1/1/1960 - 10/1/2023
Summary
This economic trend tracks retail sales of passenger cars in Canada, providing insight into consumer demand and 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
The Retail Trade: Car Registration: Passenger Cars for Canada series measures the volume of new passenger car registrations, a key indicator of consumer spending and confidence in the Canadian automotive market.
Methodology
The data is collected by Statistics Canada through administrative vehicle registration records.
Historical Context
This metric is closely watched by policymakers, automakers, and investors to assess the health of the Canadian economy.
Key Facts
- Canada is one of the world's top 10 automobile markets.
- Passenger car sales account for over 50% of total vehicle sales in Canada.
- This metric is released monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the volume of new passenger car registrations in Canada, providing insight into consumer demand and spending in the automotive sector.
Q: Why is this trend relevant for users or analysts?
A: Passenger car sales are a key indicator of consumer confidence and economic activity, making this metric closely watched by policymakers, automakers, and investors.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through administrative vehicle registration records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the Canadian economy and consumer spending, informing decisions on monetary and fiscal policy.
Q: Are there update delays or limitations?
A: This series is released monthly by Statistics Canada with a typical 2-month reporting lag.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Canada (CANSLRTCR03MLSAM), retrieved from FRED.