Production, Sales, Work Started and Orders: Passenger Car Registrations: Economic Activity: Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles for Turkiye
TURSACRMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.47
Year-over-Year Change
88.64%
Date Range
1/1/1989 - 9/1/2023
Summary
This trend measures passenger car registrations in Turkiye, which is a key indicator of economic activity in the wholesale and retail trade and repair of motor vehicles and motorcycles 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
Passenger car registrations provide insights into consumer demand and confidence, as well as broader economic conditions. This data is widely used by economists, policymakers, and industry analysts to assess the health of the Turkish automotive market and its impact on the overall economy.
Methodology
The data is collected through official vehicle registration records.
Historical Context
Passenger car registration trends are closely monitored for their implications on policies related to the automotive industry, consumer spending, and broader economic management.
Key Facts
- Passenger car registrations are a leading indicator of consumer demand.
- The automotive sector is a major contributor to the Turkish economy.
- Monitoring passenger car registration trends helps policymakers assess economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of passenger car registrations in Turkiye, which is a key indicator of economic activity in the wholesale and retail trade and repair of motor vehicles and motorcycles sector.
Q: Why is this trend relevant for users or analysts?
A: Passenger car registrations provide insights into consumer demand and confidence, as well as broader economic conditions, making this data highly relevant for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through official vehicle registration records.
Q: How is this trend used in economic policy?
A: Passenger car registration trends are closely monitored for their implications on policies related to the automotive industry, consumer spending, and broader economic management.
Q: Are there update delays or limitations?
A: The data is subject to the standard update schedule and limitations of official vehicle registration records.
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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 Turkiye (TURSACRMISMEI), retrieved from FRED.