La Paz

County

Graham

County

Santa Cruz County

Navajo

County

Mohave

County

Gila

County

Maricopa

County

Greenlee

County

Coconino

County

May 2020

Data Update:


Arizona's new motor vehicle registrations hit an new cyclical high in October--helped by net migration to the state.  The strength in these new registrations is coming from Maricopa County.  However, demand began to slow ahead of the COVID-19 outbreak, but weakness accelerated since then (through April 2020 data). 



Cochise

County

Yuma County

Pinal

County

Arizona New Motor Vehicle Registrations

Yavapai County

Apache

County

Historically, the U.S. Commerce Department found that motor vehicle sales were a leading economic indicator of the national economy.  Although the motor vehicle cycle has changed somewhat, the fact that vehicle demand is dependent on the consumers' willingness to spend on a discretionary item and the impact of interest rates continues to make that economic concept important to monitor.  


‚ÄčUnfortunately, there are no available data on car sales at a regional level, but a proxy for that concept is new motor vehicle registrations.  Although at a state or county level a change in registrations could be due to net mitgration into or out of a county, that aspect of the data is important as a shift in population too.  


Overall, these data are an important metric of the state or county economic health.

Pima

County