Sales: Retail Trade: Car Registration: Passenger Cars for Japan
SLRTCR03JPA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-12.16
Year-over-Year Change
135.38%
Date Range
1/1/1970 - 1/1/2020
Summary
The Retail Trade: Car Registration: Passenger Cars for Japan trend measures the monthly volume of new passenger car registrations in Japan. This metric provides insight into consumer demand and economic conditions in the Japanese automotive market.
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 Japan indicator tracks the number of new passenger vehicle registrations in Japan. This data is used by economists and policymakers to gauge consumer spending, business investment, and overall economic activity in the Japanese automotive industry.
Methodology
The data is collected by Japan's Ministry of Land, Infrastructure, Transport and Tourism through mandatory vehicle registration reporting.
Historical Context
This trend is closely monitored by government agencies, automakers, and financial analysts to assess the health of Japan's consumer economy and make informed policy decisions.
Key Facts
- Japan is the world's third-largest automotive market.
- Passenger car sales account for over 70% of Japan's total vehicle market.
- New car registrations are a leading indicator of consumer confidence.
FAQs
Q: What does this economic trend measure?
A: The Retail Trade: Car Registration: Passenger Cars for Japan trend measures the monthly volume of new passenger vehicle registrations in Japan.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer demand, business investment, and overall economic conditions in the Japanese automotive industry.
Q: How is this data collected or calculated?
A: The data is collected by Japan's Ministry of Land, Infrastructure, Transport and Tourism through mandatory vehicle registration reporting.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by government agencies, automakers, and financial analysts to assess the health of Japan's consumer economy and make informed policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely insights into the Japanese automotive market.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Car Registration: Passenger Cars for Japan (SLRTCR03JPA657S), retrieved from FRED.