Autos In The US Economy (7)

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You can see the rise in imports from much lower than 1% within the 1960s to about 2% of US GDP in the mid 2000s (till the great recession hit). The opposite interesting factor is that consumption of autos (as a fraction of the economic system) started a serious decline within the early 2000s. That’s going to complicate the evaluation which I’ll take up again within the subsequent submit.