Expenditures: Vehicle Purchases (Net Outlay) by Race: White, Asian, and All Other Races, Not Including Black or African American
CXUVEHPURCHLB0902M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,723.00
Year-over-Year Change
103.09%
Date Range
1/1/1984 - 1/1/2023
Summary
This economic trend measures vehicle purchase expenditures by race, excluding Black or African American consumers. It provides insights into racial disparities in consumer spending patterns.
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 Race data series tracks household spending on vehicle purchases for different racial groups in the United States. This metric is used by economists and policymakers to analyze consumer behavior and identify potential equity issues in the automotive market.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Consumer Expenditure Survey.
Historical Context
This trend is relevant for assessing consumer demand, informing auto industry strategy, and evaluating economic policies related to transportation and household finances.
Key Facts
- Excludes Black or African American consumers.
- Provides insights into racial differences in vehicle purchase behavior.
- Used to analyze consumer demand and equity in the automotive market.
FAQs
Q: What does this economic trend measure?
A: This trend measures household expenditures on vehicle purchases for different racial groups in the United States, excluding Black or African American consumers.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding consumer behavior, informing automotive industry strategy, and evaluating economic policies related to transportation and household finances.
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 trend is used by economists and policymakers to assess consumer demand, identify potential equity issues in the automotive market, and inform policies related to transportation and household finances.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in sample size or survey methodology.
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Citation
U.S. Federal Reserve, Expenditures: Vehicle Purchases (Net Outlay) by Race: White, Asian, and All Other Races, Not Including Black or African American (CXUVEHPURCHLB0902M), retrieved from FRED.