What Are Auto Sales? Definition & Importance

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The Street

By TheStreet Staff What Are Auto Sales?Auto sales, commonly referred to as car and truck sales, are an important economic indicator in the U.S. because they are used to gauge consumer spending. It’s a lagging economic indicator, in that car and truck sales are historical data and are tracked on a monthly and annual basis. In other words, by the time high auto sales numbers have been released, increased consumer spending on high-ticket items has likely already begun. When Are Auto Sales Released?Automakers with major sales in the U.S., namely Toyota Motor, General Motors, and Ford Motor, are am…

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