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Due to Neil and his E’s Autos Flyer distribution (thanks Neil) on the Volksworld Camper and Bus cruise/ present from Guildford to Bournemouth, yet another Westfalia Baywindow camper found its method to the unit for an intensive engine checkover. Dave’s 1970 VW T2, now advantages from a leisure battery system, a mains hook up and a working fuel gauge which should imply that the entire family are saved blissful on these camping holidays near and far.
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The odd-trying line in this graph is the one for home consumption of autos and components as a fraction of GDP; the line starts to drop after 2002, solely reversing in 2010. It’s odd to me as a result of a graph of US car sales is essentially flat from 2001 to 2007 at between sixteen and 17 million vehicles per year. Studying off Stuart’s graph above, the gross consumption line starts at about 3.7% of GDP in 2001 and drops to round 2.eight% in 2007, so roughly a 25% drop. Taking a look at BEA Desk 1.1.5. US GDP rose 36% throughout that period.
Complicating your exercise much more is the truth that individuals tend to keep their cars longer nowadays than they used to. That is in large part because quality has gone up, reducing the frequency wanted to purchase a brand new automobile. I think this has way more to do with the declining share of GDP devoted to auto purchases than any of the other components you talked about.