Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Arkansas
MSRSAR441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.20
Year-over-Year Change
580.00%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Arkansas measure sales for this key retail sector in the state. This metric provides insights into consumer demand and economic activity in the automobile 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
This data series tracks monthly retail sales for motor vehicle and parts dealers in the state of Arkansas. It is a key indicator of consumer spending and business conditions in the automotive industry, which is an important component of the state's economy.
Methodology
The data is collected through surveys of retail establishments by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this trend to assess the health of Arkansas' consumer economy and auto sector.
Key Facts
- Arkansas ranks 33rd among U.S. states in motor vehicle retail sales.
- Motor vehicle and parts dealers account for over 20% of total retail sales in Arkansas.
- Sales in this sector declined sharply in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This data series tracks monthly retail sales for motor vehicle and parts dealers in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into consumer demand and economic activity in the important automotive industry within Arkansas.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the health of Arkansas' consumer economy and auto sector.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may have a 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Arkansas (MSRSAR441), retrieved from FRED.