Expenditures: Vehicle Purchases: Cars and Trucks, New by Occupation: Retired
CXUNEWCARSLB1209M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,955.00
Year-over-Year Change
106.88%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures new car and truck purchases by retired individuals. It provides insights into consumer spending and economic activity among retirees.
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 Occupation: Retired' series tracks the dollar value of new vehicle purchases made by retired consumers. This metric is used by economists and policymakers to gauge consumer confidence and spending patterns among retirees, a key demographic group.
Methodology
The data is collected through surveys of consumers on their new vehicle purchase behavior.
Historical Context
This trend is relevant for assessing the state of consumer demand and market conditions.
Key Facts
- This trend has been tracked since 1989.
- Retired consumers account for over 20% of new vehicle purchases.
- Spending on new vehicles by retirees declined during the 2008 recession.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of new car and truck purchases made by retired individuals in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer spending patterns and confidence among retirees, a key demographic group that influences broader economic activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers on their new vehicle purchase behavior.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer demand, market conditions, and the overall state of the economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Purchases: Cars and Trucks, New by Occupation: Retired (CXUNEWCARSLB1209M), retrieved from FRED.