Autos In The US Economic system (11)

As our name recommend, at Fanatic Auto Gross sales we have a strong passion for cars.

The odd-looking line on this graph is the one for domestic consumption of autos and parts as a fraction of GDP; the road 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 basically flat from 2001 to 2007 at between 16 and 17 million automobiles per 12 months. Reading 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 interval.

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