Mary T. Barra, the chief executive of General Motors, with President Trump at a Michigan event last month to discuss automaking and job creation.
Complicating your exercise even more is the truth that folks are likely to hold their automobiles longer nowadays than they used to. This is largely as a result of quality has gone up, reducing the frequency needed to buy a new car. I suspect this has far more to do with the declining share of GDP dedicated to auto purchases than any of the opposite components you talked about.
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You’ll be able to see the rise in imports from much lower than 1% within the Sixties to about 2% of US GDP within the mid 2000s (till the nice recession hit). The opposite interesting issue is that consumption of autos (as a fraction of the financial system) started a serious decline within the early 2000s. That’s going to complicate the analysis which I will take up once more in the next publish.