Mary T. Barra, the chief executive of Common Motors, with President Trump at a Michigan occasion last month to debate automaking and job creation.
Complicating your exercise much more is the truth that individuals are inclined to preserve their vehicles longer nowadays than they used to. This is in large part as a result of quality has gone up, lowering the frequency needed to purchase a brand new car. I think this has much more to do with the declining share of GDP dedicated to auto purchases than any of the other elements you talked about.
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