Sales: Retail Trade: Car Registration: Passenger Cars for Japan
JPNSLRTCR03MLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
200,630.00
Year-over-Year Change
10.97%
Date Range
4/1/1968 - 12/1/2023
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Japan' series tracks monthly changes in the number of new passenger car registrations in Japan. This metric is a key indicator of consumer demand and economic activity in the Japanese automotive market.
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
This series measures the volume of new passenger car registrations in Japan, which are recorded when vehicles are first registered for use on public roads. The data is used by economists and industry analysts to assess trends in consumer spending, business investment, and overall economic conditions in the Japanese market.
Methodology
The data is collected directly from Japan's vehicle registration authorities.
Historical Context
This indicator provides important insights into Japanese consumer behavior and can inform economic policy decisions.
Key Facts
- Japan is the world's third-largest automotive market.
- New car registrations account for over 50% of total retail trade in Japan.
- Passenger car sales are a leading indicator of overall consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly number of new passenger car registrations in Japan, which is a key indicator of consumer demand and economic activity in the automotive sector.
Q: Why is this trend relevant for users or analysts?
A: New car registrations provide valuable insights into consumer spending patterns and overall economic conditions in Japan, making this an important indicator for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from Japan's vehicle registration authorities.
Q: How is this trend used in economic policy?
A: Trends in new car registrations can inform economic policy decisions, as passenger car sales are a leading indicator of consumer confidence and overall economic activity.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag, and may be subject to revisions by the source.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Japan (JPNSLRTCR03MLM), retrieved from FRED.