Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Minnesota
MSRSMN441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.10
Year-over-Year Change
1.25%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Minnesota trend measures monthly retail sales from motor vehicle and parts dealers in the state of Minnesota. This metric is a key indicator of consumer demand and economic activity in the automotive 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 the total value of retail sales by Minnesota's motor vehicle and parts dealers, including car dealerships, auto parts stores, and similar businesses. It provides insights into consumer spending and the health of the state's automotive sector, which is an important component of the overall economy.
Methodology
The data is collected through monthly surveys of retail businesses in Minnesota.
Historical Context
Policymakers and analysts use this trend to assess the strength of consumer demand and monitor economic conditions in the state.
Key Facts
- Minnesota is one of the top 20 states by motor vehicle and parts dealer sales.
- Retail sales from this sector account for over 20% of Minnesota's total retail trade.
- The trend experienced a sharp decline during the COVID-19 pandemic but has since rebounded.
FAQs
Q: What does this economic trend measure?
A: The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Minnesota trend measures the total value of retail sales from motor vehicle and parts dealers located in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer demand and economic activity in Minnesota's automotive industry, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail businesses in Minnesota.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of consumer demand and monitor economic conditions in the state of Minnesota.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months after the reference period.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Minnesota (MSRSMN441), retrieved from FRED.