Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Tennessee
MSRSTN441 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.10
Year-over-Year Change
82.00%
Date Range
1/1/2019 - 4/1/2025
Summary
The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Tennessee measures retail sales for this industry sector in the state. This data is a key indicator of consumer spending and economic activity in Tennessee.
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 provides a monthly snapshot of retail sales for motor vehicle and parts dealers in Tennessee. It represents a subset of overall retail sales and is used to analyze consumer demand, industry performance, and broader economic trends within the state.
Methodology
The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to monitor the health of Tennessee's automotive and retail sectors.
Key Facts
- Tennessee's motor vehicle and parts dealers account for over 15% of the state's total retail sales.
- Retail sales in this sector have grown by an average of 3.5% annually over the past decade.
- The data is released with a 2-month lag from the reference period.
FAQs
Q: What does this economic trend measure?
A: The Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Tennessee measures the monthly retail sales for this industry sector in the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into consumer spending and economic activity in Tennessee's automotive and retail industries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the health of Tennessee's automotive and retail sectors and inform economic policies.
Q: Are there update delays or limitations?
A: The data is released with a 2-month lag from the reference period.
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Citation
U.S. Federal Reserve, Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Tennessee (MSRSTN441), retrieved from FRED.