As our identify recommend, at Fanatic Auto Gross sales we’ve got a powerful passion for automobiles.
Passenger automobile sales plummeted again in March, dragging U.S. auto gross sales to their third straight month-to-month decline, a robust indication that years of sales growth have come to an finish. As automobiles remain a degree of conflict, Detroit pushes to promote pickups in a market lengthy skeptical of them, in an effort to tap a Chinese language taste for American manufacturers.
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The odd-looking line in this graph is the one for home consumption of autos and parts as a fraction of GDP; the line begins to drop after 2002, only reversing in 2010. It’s odd to me because a graph of US automobile gross sales is actually flat from 2001 to 2007 at between 16 and 17 million autos per yr. Studying off Stuart’s graph above, the gross consumption line starts at about three.7% of GDP in 2001 and drops to round 2.eight% in 2007, so roughly a 25% drop. Taking a look at BEA Table 1.1.5. US GDP rose 36% during that period.
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