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have explored UK, Spain, Portugal, France, Italy, USA and over 170 international locations due to us.

The odd-looking line in this graph is the one for domestic consumption of autos and elements as a fraction of GDP; the line starts to drop after 2002, only reversing in 2010. It is odd to me as a result of a graph of US vehicle sales is actually flat from 2001 to 2007 at between sixteen and 17 million vehicles per year. Reading off Stuart’s graph above, the gross consumption line begins 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% during that period.

Complicating your exercise much more is the fact that people are inclined to keep their vehicles longer nowadays than they used to. That is in large part because quality has gone up, reducing the frequency wanted to buy a new automotive. I believe this has much more to do with the declining share of GDP dedicated to auto purchases than any of the other components you mentioned.

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