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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 line begins to drop after 2002, only reversing in 2010. It’s odd to me as a result of a graph of US automobile gross sales is actually flat from 2001 to 2007 at between 16 and 17 million automobiles per yr. Studying off Stuart’s graph above, the gross consumption line begins at about 3.7% of GDP in 2001 and drops to around 2.8% in 2007, so roughly a 25% drop. Looking at BEA Table 1.1.5. US GDP rose 36% during that period.
Passenger automotive gross sales plummeted again in March, dragging U.S. auto gross sales to their third straight monthly decline, a powerful indication that years of gross sales growth have come to an end. As vehicles remain a degree of conflict, Detroit pushes to sell pickups in a market lengthy skeptical of them, in an effort to faucet a Chinese style for American manufacturers.
I am a scientist and innovator within the expertise industry, with a broad range of interests and experiences. I’ve a Physics PhD, MS in CS, and have carried out analysis , lived in cohousing communities, run a business, and designed expertise products. Professionally, I have mainly worked on pc security problems. At present I am Adjunct Professor of Computer Science at Cornell, but this weblog represents my views only. E-mail me at stuart – at – earlywarn – dot – org. I do learn all email, however as a result of the weblog is part-time unfunded enterprise, I often fail to answer as a consequence of lack of time – apologies.
The electric-automotive maker is the latest firm to become a market darling based mostly not on what it has achieved however on a imaginative and prescient of a dominant future. I actually need to thank everybody in the Gainesville workplace for such an easy expertise and going above and past to make our automobile buy happen. Donald Trump, speaking to auto executives and employees in a former assembly plant near Detroit, halted a move by Barack Obama to tighten gas-economic system requirements.