Fanatic Auto Gross sales (5)
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The odd-wanting line on this graph is the one for domestic consumption of autos and components as a fraction of GDP; the road begins to drop after 2002, only reversing in 2010. It is odd to me as a result of a graph of US vehicle sales is basically flat from 2001 to 2007 at between sixteen and 17 million autos per year. Reading off Stuart’s graph above, the gross consumption line starts at about 3.7% of GDP in 2001 and drops to round 2.eight% in 2007, so roughly a 25% drop. Looking at BEA Table 1.1.5. US GDP rose 36% during that period.
Because of Neil and his E’s Autos Flyer distribution (thanks Neil) at the Volksworld Camper and Bus cruise/ present from Guildford to Bournemouth, yet another Westfalia Baywindow camper discovered its option to the unit for a thorough engine checkover. Dave’s 1970 VW T2, now advantages from a leisure battery system, a mains hook up and a working fuel gauge which should imply that the whole household are saved completely happy on those camping holidays close to and far.
Complicating your exercise much more is the fact that folks are inclined to preserve their cars longer nowadays than they used to. This is largely as a result of quality has gone up, lowering the frequency wanted to purchase a brand new automotive. I suspect this has much more to do with the declining share of GDP dedicated to auto purchases than any of the opposite elements you mentioned.