Automobile sales is an important part of consumer spending, and it can also reflect consumers' confidence in economic prospects.

Usually, car sales are the first-hand information for us to understand the strength of a country's economic cycle, which is earlier than other personal consumption data.

Therefore, automobile sales provide a good forecast for the retail sales and personal consumption expenditure announced later, accounting for 25% of retail sales and 8% of total consumption. In addition, car sales can also be used as an early signal of economic recession and recovery.