Sales: Retail Trade: Car Registration: Passenger Cars for OECD
OECDSLRTCR03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-8.91
Year-over-Year Change
51.35%
Date Range
1/1/1974 - 12/1/2018
Summary
This economic indicator tracks sales of passenger cars registered in OECD countries, providing insights into consumer demand and automotive industry trends.
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
The Retail Trade: Car Registration: Passenger Cars for OECD series measures the volume of new passenger car registrations, a key metric for evaluating the health of the automotive sector and consumer spending patterns across developed economies.
Methodology
The data is collected directly from national statistical agencies and automobile associations in OECD member countries.
Historical Context
This indicator is closely watched by policymakers, industry analysts, and investors to assess economic conditions and consumer confidence.
Key Facts
- OECD countries account for over 60% of global passenger car sales.
- New car registrations declined sharply during the COVID-19 pandemic.
- China is the world's largest passenger car market.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the volume of new passenger car registrations across OECD member countries, providing insights into consumer demand and the health of the automotive industry.
Q: Why is this trend relevant for users or analysts?
A: New car sales are a leading indicator of consumer spending and economic confidence, making this metric highly relevant for policymakers, industry analysts, and investors.
Q: How is this data collected or calculated?
A: The data is collected directly from national statistical agencies and automobile associations in OECD member countries.
Q: How is this trend used in economic policy?
A: Passenger car sales data is used by policymakers and central banks to assess the health of the broader economy and consumer demand.
Q: Are there update delays or limitations?
A: The data is published with a relatively short lag, typically within a few months of the reference period, but may be subject to revisions.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for OECD (OECDSLRTCR03GYSAM), retrieved from FRED.