Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Maryland
MSRSMD441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.80
Year-over-Year Change
-29.17%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Maryland measures retail sales activity in this key economic sector. This metric provides insight into consumer demand and spending patterns in the state's auto 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 series tracks monthly retail sales for motor vehicle and parts dealers in the state of Maryland. It is a valuable indicator of economic conditions and consumer confidence, as vehicle purchases are often a major household expenditure.
Methodology
Data is collected through surveys of businesses in this industry and aggregated by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess the health of Maryland's auto sales market and broader economic trends.
Key Facts
- Maryland's motor vehicle and parts dealers account for over $1.5 billion in monthly retail sales.
- Auto sales are a key driver of overall retail activity in the state.
- Sales trends in this sector provide insights into consumer confidence and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This series measures monthly retail sales for motor vehicle and parts dealers in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: Auto sales are a major component of overall consumer spending, so this metric offers valuable insights into economic conditions and consumer confidence in Maryland.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in this industry and aggregated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Maryland's auto sales market and broader economic trends in the state.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks between the reference month and data publication by the Census Bureau.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Maryland (MSRSMD441), retrieved from FRED.