Expenditures: Vehicle Purchases (Net Outlay) by Income Before Taxes: $150,000 and over
CXUVEHPURCHLB0217M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,105.00
Year-over-Year Change
5.49%
Date Range
1/1/2003 - 1/1/2015
Summary
This economic trend measures vehicle purchases made by households with income of $150,000 or more. It provides insights into the spending behavior of high-income consumers, which is a key indicator of economic conditions and consumer confidence.
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 (Net Outlay) by Income Before Taxes: $150,000 and over trend tracks the net outlay, or total spending less trade-ins and other offsets, on vehicle purchases by the highest-income U.S. households. This data is used by economists and policymakers to understand consumer demand and the health of the automotive industry.
Methodology
The data is collected through the Consumer Expenditure Survey, a comprehensive national household survey conducted by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by analysts and policymakers as a signal of economic conditions and consumer sentiment among high-income households.
Key Facts
- Vehicle purchases by households earning $150,000+ account for a significant portion of total U.S. automotive sales.
- Trends in high-income vehicle purchases often lead overall consumer spending patterns.
- Rapid changes in this metric can signal shifts in economic confidence among the wealthiest consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net outlay, or total spending less trade-ins and other offsets, on vehicle purchases by U.S. households with income of $150,000 or more.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the spending behavior of high-income consumers, which is a key indicator of economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected through the Consumer Expenditure Survey, a comprehensive national household survey conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely watched by analysts and policymakers as a signal of economic conditions and consumer sentiment among high-income households.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the Consumer Expenditure Survey.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Purchases (Net Outlay) by Income Before Taxes: $150,000 and over (CXUVEHPURCHLB0217M), retrieved from FRED.