Autos In The US Economy

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The odd-wanting line on this graph is the one for home consumption of autos and components as a fraction of GDP; the road begins to drop after 2002, solely reversing in 2010. It’s odd to me as a result of a graph of US car sales is basically flat from 2001 to 2007 at between 16 and 17 million autos per year. Reading off Stuart’s graph above, the gross consumption line starts at about three.7% of GDP in 2001 and drops to round 2.8% in 2007, so roughly a 25% drop. Taking a look at BEA Desk 1.1.5. US GDP rose 36% throughout that period.

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