Autos In The US Economic system (8)

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The odd-wanting line in this graph is the one for home consumption of autos and elements as a fraction of GDP; the road starts to drop after 2002, only reversing in 2010. It’s odd to me as a result of a graph of US car sales is actually flat from 2001 to 2007 at between 16 and 17 million vehicles per yr. Studying off Stuart’s graph above, the gross consumption line begins at about 3.7% of GDP in 2001 and drops to round 2.8% in 2007, so roughly a 25% drop. Taking a look at BEA Table 1.1.5. US GDP rose 36% during that interval.

Passenger car sales plummeted again in March, dragging U.S. auto gross sales to their third straight month-to-month decline, a powerful indication that years of sales development have come to an finish. As cars remain a point of battle, Detroit pushes to sell pickups in a market lengthy skeptical of them, in an effort to faucet a Chinese style for American brands.