Expenditures: Vehicle Purchases: Cars and Trucks, New by Income Before Taxes: $50,000 to $69,999
CXUNEWCARSLB0209M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,102.00
Year-over-Year Change
69.24%
Date Range
1/1/1992 - 1/1/2021
Summary
This economic trend tracks expenditures on new car and truck purchases by U.S. households with annual incomes between $50,000 and $69,999. It provides insight into the spending patterns of middle-income consumers, a key segment for the automotive industry.
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 Income Before Taxes: $50,000 to $69,999 series measures the total inflation-adjusted spending on new vehicle purchases by middle-income American households. This data is used by economists and policymakers to assess consumer demand and confidence in the automotive sector.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This economic indicator is closely watched by the automotive industry, as well as financial analysts and policymakers assessing the health of the consumer economy.
Key Facts
- This data series dates back to 1984.
- Purchases of new cars and trucks account for a significant portion of household budgets.
- Middle-income consumers are a critical segment for automakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures inflation-adjusted expenditures on new car and truck purchases by U.S. households with annual incomes between $50,000 and $69,999.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the spending patterns of middle-income consumers, which is valuable for understanding demand in the automotive industry and assessing the health of the broader consumer economy.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Q: How is this trend used in economic policy?
A: This indicator is closely watched by the automotive industry, financial analysts, and policymakers to assess consumer demand and confidence.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Purchases: Cars and Trucks, New by Income Before Taxes: $50,000 to $69,999 (CXUNEWCARSLB0209M), retrieved from FRED.