Expenditures: Vehicle Purchases: Cars and Trucks, New by Quintiles of Income Before Taxes: Second 20 Percent (21st to 40th Percentile)
CXUNEWCARSLB0103M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
833.00
Year-over-Year Change
85.52%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures new vehicle purchases by households in the second income quintile, representing the 21st to 40th percentile of income before taxes. It provides insight into consumer demand and spending patterns for this middle-income group.
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 Expenditures: Vehicle Purchases: Cars and Trucks, New by Quintiles of Income Before Taxes: Second 20 Percent series tracks new passenger vehicle purchases by households with incomes in the second quintile. This metric is used by economists and policymakers to analyze consumer behavior and the health of the automotive industry.
Methodology
The data is collected through the U.S. Consumer Expenditure Survey.
Historical Context
This trend is relevant for understanding consumer demand and its impact on the broader economy.
Key Facts
- Represents households in the 21st to 40th percentile of income before taxes.
- Provides insight into middle-income consumer spending on new cars and trucks.
- Data collected through the U.S. Consumer Expenditure Survey.
FAQs
Q: What does this economic trend measure?
A: This trend measures new vehicle purchases by households in the second income quintile, representing the 21st to 40th percentile of income before taxes.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand and spending patterns for middle-income households, which is valuable for understanding the health of the automotive industry and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze consumer behavior and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the underlying Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Purchases: Cars and Trucks, New by Quintiles of Income Before Taxes: Second 20 Percent (CXUNEWCARSLB0103M), retrieved from FRED.