E’s Autos, Surrey Classic Automobile Specialist, Aircooled And Watercooled VW Specialist. Beetle Camper

Mary T. Barra, the chief executive of General Motors, with President Trump at a Michigan event final month to debate automaking and job creation.

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You’ll be able to see the rise in imports from a lot less than 1% in the Nineteen Sixties to about 2% of US GDP in the mid 2000s (till the nice recession hit). The other attention-grabbing factor is that consumption of autos (as a fraction of the economic system) began a critical decline within the early 2000s. That’s going to complicate the evaluation which I will take up once more within the next post.

The odd-trying line on this graph is the one for home consumption of autos and parts as a fraction of GDP; the road starts to drop after 2002, solely reversing in 2010. It’s odd to me as a result of a graph of US vehicle gross sales is essentially flat from 2001 to 2007 at between 16 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 around 2.eight% in 2007, so roughly a 25% drop. Looking at BEA Table 1.1.5. US GDP rose 36% throughout that interval.