| Definition:
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Motor Vehicle Sales tracks the number of domestically produced cars and light trucks sold during the previous month. Auto manufacturers report sales results over the first three business days of the month. The data is seasonally adjusted and expressed as an annualized rate.
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| Meaning:
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Investors and analysts watch motor vehicle sales closely because the data is timely and provides insight into retail sales and consumption figures released later in the month. Motor Vehicle Sales is considered a leading indicator of economic activity because it is one of the first indicators to turn down when the economy goes into recession and one of the first to rise when the economy rebounds.
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| Weight:
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**
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| Source:
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Automobile Manufactures through the U.S. Department of Commerce: Bureau of Economic Analysis
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| Availability:
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Released the first three business days of the month following the reference month.
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| Frequency:
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Monthly
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| Coverage:
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Data are for the previous month (Data for May are released in June)
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| Volatility:
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Moderate
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Impact on the Markets:
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| Interest Rates:
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Motor Vehicle Sales =
Interest Rates
Motor Vehicle Sales = Interest Rates
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| Fixed-income:
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Motor Vehicle Sales =
Bond Market
Motor Vehicle Sales = Bond Market
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| Equities:
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Motor Vehicle Sales =
Stock Market
Motor Vehicle Sales = Stock Market
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| Dollar:
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Motor Vehicle Sales = Uncertain
Motor Vehicle Sales = Uncertain
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