Yesterday , I did a easy rough calculation about General Motors to try to get at how a lot manufacturing job loss one may attribute to overseas competitors versus automation and productiveness increases. Varied commenters objected that my assumptions have been too simplistic, significantly in neglecting the home content material in foreign autos and the importance of shifts in the provide chain over time.
Sam Romans was very personable and an excellent salesman! We’ll definately suggest Neighborhood Autos and likewise Sam!! Keep up the nice work! But it appears an interesting commentary in its personal right – the triple mixture of the early 2000s recession, the oil shock of the mid 2000s, and then the good recession, have combined to decrease the share of auto consumption in the US economy by a couple of third over the last decade.
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Complicating your train even more is the fact that folks tend to maintain their vehicles longer these days than they used to. That is largely as a result of high quality has gone up, decreasing the frequency wanted to buy 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 other factors you mentioned.