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The odd-wanting line in this graph is the one for domestic consumption of autos and parts as a fraction of GDP; the road begins to drop after 2002, solely reversing in 2010. It’s odd to me because a graph of US vehicle gross sales is basically flat from 2001 to 2007 at between 16 and 17 million vehicles per 12 months. Reading off Stuart’s graph above, the gross consumption line begins at about three.7% of GDP in 2001 and drops to round 2.8% in 2007, so roughly a 25% drop. Looking at BEA Table 1.1.5. US GDP rose 36% during that interval.
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We work by appointment solely and we will prepare to fulfill you at our workplace in North York to show a automobile you have an interest in seeing, present automotive consultation or talk about your particular vehicle request. General Motors has achieved regular profits in a booming domestic market and has tried to prove its progressive approach, however buyers are unimpressed. I am really happy with every little thing about my expertise with my purchase and your organization Service. Thanks for a job properly performed. Facial recognition and other expertise are set to further personalize the driving expertise.
Complicating your train much more is the truth that people tend to maintain their vehicles longer these days than they used to. This is in large part because quality has gone up, decreasing the frequency needed to buy a brand new car. I think this has way more to do with the declining share of GDP devoted to auto purchases than any of the other components you talked about.