Expenditures: Vehicle Purchases: Cars and Trucks, New by Region: Residence in the South Census Region
CXUNEWCARSLB1104M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,839.00
Year-over-Year Change
120.08%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic indicator tracks consumer expenditures on new cars and trucks in the South Census Region of the United States. It provides insights into regional consumer demand and spending patterns in 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 Region: Residence in the South Census Region' metric measures inflation-adjusted consumer spending on new passenger vehicles in the southern United States. It is a useful indicator of regional economic activity and consumer confidence.
Methodology
The data is collected through household surveys by the U.S. Bureau of Economic Analysis.
Historical Context
This regional automotive sales metric is closely watched by policymakers, industry analysts, and investors to gauge the health of the consumer economy.
Key Facts
- The South Census Region includes AL, AR, DE, DC, FL, GA, KY, LA, MD, MS, NC, OK, SC, TN, TX, VA, WV.
- New vehicle purchases account for over half of total automotive expenditures in the U.S.
- Consumer spending on new cars and trucks reflects household confidence and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks inflation-adjusted consumer expenditures on new passenger vehicles, including cars and light trucks, for individuals residing in the South Census Region of the United States.
Q: Why is this trend relevant for users or analysts?
A: This regional automotive sales data provides insights into consumer demand, spending patterns, and economic conditions in the southern U.S. It is closely monitored by policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this regional automotive sales metric to gauge consumer confidence and spending, which are key indicators of the overall health of the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Purchases: Cars and Trucks, New by Region: Residence in the South Census Region (CXUNEWCARSLB1104M), retrieved from FRED.