Sales: Retail Trade: Car Registration: Passenger Cars for Germany
SLRTCR03DEQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.66
Year-over-Year Change
-59.69%
Date Range
1/1/1960 - 7/1/2018
Summary
The 'Sales: Retail Trade: Car Registration: Passenger Cars for Germany' series tracks the number of new passenger car registrations in Germany, a key indicator of consumer demand and economic activity.
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 economic indicator provides insight into the German automotive market and overall consumer spending trends. It is closely monitored by economists, policymakers, and industry analysts to assess the health of the German economy.
Methodology
The data is collected by the German Federal Motor Transport Authority through the registration of new passenger vehicles.
Historical Context
This metric is used to inform decisions around fiscal, monetary, and industry policies in Germany.
Key Facts
- Germany is Europe's largest automobile market.
- New car registrations declined during the COVID-19 pandemic.
- The automotive industry is a major component of the German economy.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of new passenger car registrations in Germany, providing insight into consumer demand and spending in the automotive sector.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists, policymakers, and industry analysts to assess the health of the German economy and consumer spending patterns.
Q: How is this data collected or calculated?
A: The data is collected by the German Federal Motor Transport Authority through the registration of new passenger vehicles.
Q: How is this trend used in economic policy?
A: This indicator is used to inform decisions around fiscal, monetary, and industry policies in Germany, as it provides insights into consumer demand and economic activity.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a slight delay in publication.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Germany (SLRTCR03DEQ657S), retrieved from FRED.