Autos In The US Economy (3)

Automotive

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Some time again, you could have seen Craig’s automobile arrive. An entire heap of labor after its 5 yr lay up, including a rear disc brake conversion, axle swap, replacement clutch kit and a lot of work making the Beetle T1 narrowed beam setup work nicely within the Sort three with a entrance disc and Porsche brake conversion, saw a fresh MOT, and a new look.

The odd-trying line on this graph is the one for domestic consumption of autos and elements as a fraction of GDP; the road starts to drop after 2002, solely reversing in 2010. It’s odd to me because a graph of US vehicle sales is essentially flat from 2001 to 2007 at between 16 and 17 million automobiles per 12 months. Studying 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 Desk 1.1.5. US GDP rose 36% during that interval.

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