Auto Sales

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Auto Sales

The total amount of revenue from the sale of automotive vehicles in a given month. This revenue is seasonally adjusted and is published by the U.S. Department of Commerce. This is considered an important economic indicator because people tend to buy cars when the economy is doing well, and not to do so when the economy is performing poorly.
References in periodicals archive ?
If you want to forecast auto and truck sales over the next 12 months or so, you first need to make an assumption as to the level of vehicle pricing.