Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for OECD
OECDSLRTCR03IXOBSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.34
Year-over-Year Change
-5.62%
Date Range
1/1/1973 - 12/1/2017
Summary
This economic indicator tracks new passenger car registrations, a measure of sales and production activity in the wholesale and retail motor vehicle trade. It provides insights into consumer demand and business investment in this key sector.
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 passenger car registrations trend represents new vehicle sales to consumers and businesses through wholesale and retail channels. It is a leading indicator of economic conditions, consumer confidence, and business investment in the motor vehicle industry.
Methodology
The data is collected through national vehicle registration systems and reported to the OECD.
Historical Context
Policymakers and analysts monitor this indicator to assess the health of the automotive and broader retail sectors.
Key Facts
- New passenger car registrations are a leading indicator of consumer demand.
- The motor vehicle trade accounts for a significant portion of overall retail activity.
- This metric helps gauge business investment and economic conditions in the automotive sector.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks new passenger car registrations, which represent sales and production activity in the wholesale and retail motor vehicle trade.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations provide insights into consumer demand, business investment, and economic conditions in the automotive and broader retail sectors.
Q: How is this data collected or calculated?
A: The data is collected through national vehicle registration systems and reported to the OECD.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to assess the health of the automotive industry and broader retail trade.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness of national vehicle registration reporting to the OECD.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for OECD (OECDSLRTCR03IXOBSAM), retrieved from FRED.