Economic Indicator: Motor Vehicle Sales

What are motor vehicle sales?

Automobile or motor vehicle sales include the total purchases made in the U.S. for moving vehicles per month. This includes mobile homes, SUVs, cars, trucks and motorcycles. Leased or new motor vehicle sales is an indicator of the health of the U.S. economy as a derivative of consumer spending. Where do consumers spend their money on average? Consumer spending is a core economic indicator.  Consumption, or consumer demand includes the aggregate purchases of all goods and services by individuals within a given economy. Induced consumption is a percentage of spending based on personal income. Autonomous consumption includes all purchases required by any individual regardless of income. Autonomous consumption includes spending necessary regardless of income. Another term for autonomous consumption i exogenous consumption, and equates to whatever consumers are required to spend even when their income is zero.