Mary T. Barra, the chief govt of Basic Motors, with President Trump at a Michigan occasion last month to discuss automaking and job creation.
The odd-trying line in this graph is the one for domestic consumption of autos and components as a fraction of GDP; the line begins to drop after 2002, solely reversing in 2010. It is odd to me as a result of a graph of US vehicle sales is essentially flat from 2001 to 2007 at between 16 and 17 million vehicles per 12 months. Studying 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. Looking at BEA Table 1.1.5. US GDP rose 36% throughout that period.
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